Cairo – Mubasher: The Egyptian Exchange (EGX) indices rebounded to close in green zone on Tuesday, following closing in red zone for three consecutive sessions, on buying activity by local investors.
The benchmark index EGX30 went up 0.60% or 48.38 points to close at 8,080.81 points, while the small and medium caps index EGX70 gained 0.27% to close at 357.17 points.
Similarly, the broader index EGX100 gained 0.41% to close at 804.47 points. The equal weighted index EGX50 inched up 0.53% to end at 1,376.42 points.
The stocks of the heavy weighted index Commercial International Bank (CIB) added 0.33%, while the stocks of EFG-Hermes, Global Telecom, Ezz Steel, Palm Hills, Qlaa Holding and Pioneers by 1% to 5.3%.
Local investors ended as net buyers with EGP 34.2 million, while foreign and Arab investors ended as net sellers with EGP 25.8 million and EGP 8.4 million respectively.
Institutions were net buyers with EGP 17 million, while retail investors were net sellers with nearly the same value of institutions.
The local investors accounted for 74.97% of today’s trading activity, while foreign and Arab investors accounted for 16.16% and 8.87% respectively.
Tuesday’s session witnessed 132 million shares changed hands worth EGP 510.9 million, excuted through 17,000 transactions.
The market capitalization gained EGP 2.1 billion (235.8 million) to close at EGP 410.07 billion.
