Cairo - Mubasher: The Egyptian Exchange (EGX) moved higher on Sunday, as the benchmark index EGX30 advanced 0.59% to close at 6,607 points.
The small and mid-cap index EGX70 went up 1.06% to 359.9 points; while the broader index EGX100 surged 0.45% to 773 points.
The equal-weighted index EGX50 advanced 0.64% to 1,133 points.
The heavy weighted Commercial International Bank surged 2.04% to 44.17, with trading value of EGP 27 million.
Sunday's turnover amounted to EGP 316.2 million.
Local and foreign investors came as net sellers with EGP 9.6 million and EGP 7.1 million respectively, while Arab investors came as net sellers with EGP 16.7 million.
The market capitalisation gained EGP 827.8 million ($106.3 million) to reach EGP 423.9 billion, up from EGP 423.1 billion in the previous session.
"Today's session witnessed medium trading volumes amid sideways movement," said Hanan Ramsis, executive director at Cairo Securities Brokerage.
Today, Egypt started the second round phase of the parliamentary elections.
"The main gauge confirmed its rebounding above the level of 6,300 points, where it started short-term correction movement to target the levels of 6,600 and 6,800 points respectively," said Sameh Gharib, head of technical research at Roots Securities.
The benchmark adopts downside trend on both the medium and the short run and it is expected to face resistance at the level of 6,650 points, noted Gharib.
