Cairo – Mubasher: The Egyptian Exchange (EGX) indices closed on positive note on Sunday amid collective gains of its main indices on buying activity by foreign investors.
The benchmark index EGX30 added 1.74% or 183.27 points to close at 12,608.44 points that considered the index all-time high.
“The benchmark hit a new historical record as it exceeded the level of 12,600 points,” said Waleed Helal Deputy Director at Egyptian group for securities.
The benchmark may witness through the next session some temporary declines before it moves higher towards the levels of 12,700 and 13,000, added Helal.
The small and medium caps index EGX70 rose 0.27% to 465.99 points, while the broader index EGX100 gained 0.5% to 1,111.04 points.
Similarly, the equal weighted index EGX50 went up 1.03% to 1,971.12 points.
The market witnessed 474.8 million shares changed hands worth EGP 1.58 billion, carried out through 38,100 transactions.
Out of 178 stocks traded today, advancers outnumbered decliners by 79 to 59, while 40 stocks remained unchanged.
Local and Arab investors were net sellers with EGP 6.7 million and EGP 28.3 million respectively, while foreign investors were net buyers with EGP 35 million.
The market capitalization added EGP 6.55 billion reaching EGP 609.4 billion.
CIB, the heaviest stock of the EGX30 closed 0.2% up. Today’s top performing stocks were Palm Hills up 8.5%, Heliopolis Housing up 6.7% and Egypt Kuwait Holding up 5.1%.
Today’s worst performing stocks included Qalaa Holdings, down 3.6%, Porto Group, down 3.3% and Elsaeed Contracting, down 2.3%.
