Cairo - Mubasher: The Egyptian Exchange (EGX) indices rebounded collectively in Wednesday’s session close, backed by the news that President Abdel Fattah El-Sisi agreed with his Russian counterpart Vladimir Putin to cooperate in fighting terrorism.
The market indices opened on negative note following the news about the results of the investigations related to the recent crash of the Russian aircraft in Sinai.
The benchmark index EGX30 rose 0.1% or 7 points to 6,413.987 points; thus it reversed early losses, when it hit its lowest levels in two years at 6,300 points.
The heavy weight Commercial International Bank erased its early losses, as it went up 0.05% to EGP 42.8.
The small and mid-cap index EGX70 inched up 1.4% to 349.18 points, while the broader index EGX100 edged up 0.62% points to 759.30 points.
The equal-weighted index EGX50 went up 0.61% to 1,102.22 points
The market’s total turnover reached EGP 500 million, on trading 277.8 million shares, through 20,700 transactions
Local and Arab investors came as net buyers with EGP 33.9 million and EGP 10.9 million respectively, while foreign investors came as net sellers with EGP 44.8 million.
Institutions came as net sellers, especially the foreign ones, while retail traders were net buyers.
