Cairo – Mubasher: The Egyptian Exchange delivered a mixed performance at the opening of Wednesday’s trading session.
The main index EGX30 added 47.29 points, or 0.6%, to stand at 8,245.8 points by 10:29am Cairo local time (CLT).
Likewise, the equal-weighted EGX50 rose 0.13% to the level of 1,343.36 points.
Meanwhile, the small and mid-cap index EGX70 went lower 0.24% to 351.3 points by 10:30am CLT.
The broader index EGX100 also edged down 0.05% to the mark of 798.64 points.
Foreign and Arab investors were net buyers by EGP 6.1 million and EGP 814,000, while Egyptians were net sellers by EGP 6.9 million.
The largest EGX30 constituent was placed at EGP 50.99 with a 1.4% rise by 10:34 CLT.
Trading value reached EGP 80.4 million after 11.5 million shares were traded by 10:34am CLT.
The market’s benchmark closed Tuesday at 8,198 points on average volume, said market analyst at Mubasher International for Securities Shahd Raafat, expecting the next resistance level to be at 8,300 points.
“Breaking above this level will lead to a further rise towards 8,500”, Shahd added.
