Cairo – Mubasher: The Egyptian Exchange shut Monday’s trading session in the green territory, extending yesterday’s gains.
The benchmark EGX30 added 46.47 points or 0.75% to reach 6,261.41 points, backed by the purchases of institutions.
The small and mid-cap EGX70 also rose 0.56% to 355.72 points. Likewise, the broader index EGX100 notched up 0.23% to 730.82. The equal-weighted index EGX50 ended 1.01% higher at 1,203.75 points.
Trading value reached EGP 449 million after 226.6 million shares were traded. The bourse saw 62 stocks go up, 60 go down, and 44 stay unchanged.
Market capitalisation gained EGP 1.95 billion ($248.9 million), moving up to EGP 398.14 billion from EGP 396.19 billion. The banking sector took the lion’s share by 26% or EGP 80.3 billion. The real estate and telecom sectors followed with 14.8% and 11.4% respectively.
Tracking stock movement, CIB, OTMT, Palm Hills, Emaar Misr, SODIC and Ezz Steel rose within the range of 1.1% and 5.8%. Meanwhile, Global Telecom, Orascom Construction and TE saw a slide of 1.39%, 1.59%, and 1.47% respectively.
Nationals tended to sell stocks by a net of EGP 22.9 million, while foreign and Arab investors were net buyers by EGP 17 million and EGP 5.9 million correspondingly.
By category, institutions tended to purchase, while individuals were net sellers.
Translated by Ahmed El-Sayed Ali
