Cairo – Mubasher: The Egyptian Exchange indices ended on mixed note on Wednesday, as the benchmark index added 0.9% or 53 points to close at 5,947.7 points.
The equal weighted index went up 0.18% to 1,093.7 points.
On other hand, the small and mid-caps index fell 0.99% to 350.3 points, while the broader index EGX100 inched up 0.11% to 705.5 points.
Out of 161 stocks traded today, decliners outnumbered advancers by 72 to 48, while 41 stocks remained unchanged.
Local and Arab investors ended as net buyers with EGP 792,500 and EGP 44.9 million respectively, while foreign investors ended as net sellers with EGP 45.6 million.
The market capitalization lost EGP 1.9 billion ($242 million) reaching EGP 385.3 billion.
“The institutions buying activity as well as the gains of the real estate stocks pushed the market higher,” said Khaled Nagah, Trading Manager at Mega investment Brokerage.
The market is likely to open on positive note on Thursday, triggered by the gains of the leading stocks, added Nagah.
The shares of Commercial International Bank inched down 0.16% to EGP 32.68 with trading value of EGP 96 million, while the stocks of Palm Hills advanced 4% with trading value of EGP 53.2 million.
