Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices rose marginally early Wednesday on the back of Egyptian and Arab buying.
By 10:23 am Cairo time, the benchmark EGX30 index inched up 0.05% or 6.67 points to the level of 13,481.55 points.
The EGX70 index grew 2.06% to 740.46 points, while the EGX100 index went up 1.41% to 1,641.52 points.
Likewise, the equal-weighted EGX50 index edged up 0.4% to 2,156 points.
Trading volume reached 38.2 million exchanged at a turnover of EGP 47.18 million through 1,800 transactions.
Egyptian and Arab investors were net buyers with EGP 268,200 and EGP 3.11 million, respectively, while foreign investors were net sellers with EGP 3.38 million.
Blue chips including Egyptian Chemical Industries (Kima), Arabian Food Industries Co (Domty), and Sidi Kerir Petrochemicals (Sidpec) levelled up 2.97%, 2.89%, and 2.45%, respectively.
On the other hand, Oriental Weavers, Egyptian Iron and Steel (HADISOLB), and Palm Hills fell 1.43%, 0.98%, and 0.97%, respectively.
Similarly, Commercial International Bank – Egypt (CIB) shed 0.62% to EGP 81.5.
