Cairo – Mubasher: The Egyptian exchange (EGX) extended its gains for the fifth session in row, as benchmark index EGX30 added 0.52% or 32.8 points to close at 6,372 points.
The benchmark hit its highest level in two months or since 12 January 2016.
On other hand, the small and mid-caps index EGX70 went down 0.55% to 353.7 points, while the broader index EGX100 fell 0.14% to 730.2 points.
The equal weighted index EGX50 inched down 0.67% to 1,211 points.
“The benchmark rebounded through today’s trades, as it moved above the major support level of 6,280 points on the gains of the leading stocks and the news related to the Central Bank of Egypt,” said Ahmed Thabet technical analyst at Taycoon brokerage.
The Central Bank of Egypt decided to move the caps on deposits and withdrawals of foreign currency for companies importing basic goods only, as well as for ordinary individuals.
The market’s total trading value amounted to EGP 531.6 million.
Out of 172 stocks traded today, decliners outnumbered advancers by 69 to 65, while 38 stocks remained unchanged.
Local and Arab investors came as net buyers with EGP 8.9 million and EGP 12.9 million respectively, while foreign investors came as net sellers with EGP 21.9 million.
