Cairo – Mubasher: The Egyptian Exchange (EGX) indices erased part of its early gains following the Egyptian Central Bank announcement of adopting a floating exchange rate regime.
The benchmark index EGX30 went up 3.35% or 285.85 points to close at 8,810.51 points on the gains of the leading stocks.
The small and medium caps index EGX70 gained 1.83% to close at 350.73 points, while the equal weighted index EGX50 added 1.7% to close at 1,370.68 points.
The market capitalization gained EGP 11.47 billion reaching EGP 428.7 billion.
Foreign and Arab investors ended as net buyers with EGP 270.1 million and EGP 18.1 million respectively, while local investors ended as net buyers with EGP 288.2 million.
The market witnessed 503.2 million shares changed hands worth EGP 1.6 billion.
Out of 178 stocks traded today, advancers outnumbered decliners by 65 to 89, while 24 stocks remained unchanged.
