Cairo - Mubasher: The Egyptian Exchange (EGX)indices advanced collectively ,in 2016's first session, as the benchmark index EGX30 gained 1.19% or 83.05 points to close at 7,089.06 points.
The benchmark hit its highest level in 37 session or since 9 November 2015.
"The benchmark succeeded today in breaking above the barrier of 7,050 points, which is considered a positive move to great extent, although of moderate trading values and volumes," said Ahmed Thabet, technical analyst at Tycoon Securities.
The main gauge is forecasted to extend upside trend towards the levels of 7,200 and 7,250 points during the upcoming period, added Thabet.
Tracking stocks performance, the stocks of Commercial International Bank, Talaat Moustafa, Pionners Holding, EFG-Hermes, Heliopolis Housing and Madinet Nasr Housing advanced within the range of 0.68% to 7.5%.
On other hand, the stocks of Orascom Construction, SODIC, Global Telecom and Ghabbour Auto went down between 0.48% to 1%.
Sunday's total turnover reached EGP 356.6 million, with 138.5 million shares changed hand through 17,300 transactions.
The market's trading volumes may surge through the upcoming period on the increased activity over the leading stocks, pointed out the analyst.
The market capitalisation gained nearly EGP 2.44 billion ($312 million)reaching EGP 432.23 billion.
The small and mid-cap index EGX70 went up 1.33% to 383.71 points; while the broader index EGX100 gained 0.72% to 796.29 points.
Similarly, the equal-weighted index EGX50 surged 0.92% to 1211.54 points.
Local and foreign investors came as net sellers with EGP 9.7 million and EGP 22.9 million respectively, while Arab investors came as net buyers with EGP 32.6 million.
Institutions came as net sellers, while retail traders were net buyers.
Out of the 159 companies traded today, advancers outnumbered decliners by 90 to 22, while 47 others remained unchanged.
