Cairo – Mubasher: Egypt’s stock exchange rose on Tuesday, snapping its early fall, as the main index advanced by 13 points or 0.20% to close above the 6,400 barrier at 6,421 points.
The market’s heaviest weight CIB slipped by 2.19% to end at EGP 33.5. It came on top with a traded value reaching EGP 61.8 million after 1.8 million shares were exchanged in 1,300 transactions.
EFG-Hermes, Palm Hills, OTMT, Amer Group, Porto Group, SODIC and Pioneers rose by percentages ranging between 2.4% and 6%.
Market capitalisation added nearly EGP 622.98 million ($79.6 million) to EGP 413.95 billion, from EGP 413.33 billion on Monday.
The small and mid-cap index EGX70 rose by 0.89% to 356.09 points, while the broader index EGX100 pulled ahead 0.21% to 746.63 points and the equal-weighted index EGX50 ended 1% higher at 1,105.91 points.
Tuesday’s traded value amounted to EGP 456.6 million, while traded volume reached 222.2 million shares.
National and Arab traders were net buyers by EGP 86.3 million and EGP 30.2 million in a row, while foreign traders were net sellers by EGP 116.5 million.
Retail investors were net buyers, while institutions were net sellers.
