Egypt's bourse ends on mixed note, equities gain EGP 667m

Cairo - Mubasher: The Egyptian Exchange (EGX) indices ended on mixed note on Thursday, as the benchmark index EGX30 erased early losses gaining 0.58% or 36.75 points to close at 6,427.82 points enhanced by leading stocks.

The benchmark succeeded in keeping its position above the major support level of 6,300 points, said Sameh Gharib, head of technical research at Roots Securities.

The heavyweight Commercial International Bank - Egypt went up 1.55% to EGP 43 with 1.49 million shares change hands worth EGP 64.2 million through 1000 transactions.
The stocks of Porto Group, Global Telecom, Pioneers Holding, Egyptian Resorts, Oriental Wavers and Juhayna Food Industries went up 1.8% to 5.5%.

The market capitalisation gained EGP 667.6 million ($85.3 million) powered by the purchases of local and Arab investors to reach EGP 415.59 billion, compared with EGP 414.9 billion at the end of the previous session.

The small and mid-cap index EGX70 inched down 0.21% to 350.43 points; while the broader index EGX100 edged up 0.01% to 745.22 points.

Similarly, the equal-weighted index EGX50 rose 0.33% to 1,101.04 points.

The market total turnover recorded EGP 516.6 million, on trading 249.6 million shares, through 15,400 transactions.

Local and Arab investors came as net buyers with EGP 13.6 million and EGP 6.2 million respectively, while foreign investors came as net sellers with EGP 19.8 million.

Institutions came as net sellers, especially the foreign ones, while retail traders were net buyers except the Arab investors.

MUBASHER Contribution Time: 26-Nov-2015 13:02 (GMT)