By: Heba El-Kordy
Cairo – Mubasher: The benchmark EGX30 index hit a new significant level at 14,785 points during Tuesday’s session amid weak liquidity and standstill blue chips.
By 10:55 am Cairo time, the EGX30 index gained 0.38%, or 57 points.
The EGX30 is touching new significant levels despite the weak performance of the blue chips, market analyst Toni Kamal.
The index hit records high despite the lack of liquidity, Kamal added, forecasting liquidity to boost during mid-day sessions to push the index higher.
Meanwhile, trading volume reached 30.3 million shares exchanged through 6,600 transactions at a turnover of EGP 233 million.
The heavyweight Commercial International Bank (CIB) shed 0.36% to EGP 72.75.
Blue chips including Sidi Kerir Petrochemicals (Sidpec), AMOC, and Egyptian Iron and Steel rose 6.19%, 3.18%, and 3.07%, respectively.
On the other hand, Porto Group, Domty, and Arab Cotton Ginning fell 2.88%, 2.14%, and 0.99%, respectively.
Translated by: Mai Ezz El-Din
