Egypt bourse opens on mixed note

Cairo – Mubasher: The Egyptian Exchange gave a varied performance in Wednesday’s early trading session.

The main index EGX30 opened 0.12% lower to the mark of 7,587.8 points.

Similarly, the equal-weighted index EGX50 edged down 0.06% to 1,352.3 points.

Meanwhile, the small and mid-cap EGX70 added 0.40% to level up at 361 points and the broader index EGX100 moved up by 0.20% to 769.9 points.

National investors were net buyers by EGP 19.6 million, while foreign and Arab investors were net sellers by EGP 19.4 million and 145,000 respectively.

The top gainers were led by Beltone Holding with a 9.99% rise, while Glaxo SmithKline headed the losers with a slide of 9.95%.

Earlier, analysts expected Cairo bourse to see new support levels on Wednesday after failing to hold above the mark of 7,645 points.

“In case of breaking this level, a further drop towards the next support 7,370 could be a consequence”, said Shahd Raafat market analyst at Mubasher Trade.

                 

MUBASHER Contribution Time: 20-Jul-2016 09:07 (GMT)
MUBASHER Last Update Time: 20-Jul-2016 09:07 (GMT)