Cairo – Egypt: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the green zone before the Eid Al Adha holiday, backed by Egyptian and foreign buying.
The benchmark EGX30 index went up 1.67% or 220.43 points to the level of 13,415.77 points.
The small- and medium-sized enterprises EGX70 index added 0.38% to 692.55 points, while the EGX100 index inched up 0.4% to 1,564.95 points.
The equally-weighted EGX50 index ascended 0.83% to 2,045.61 points.
Traded volume stood at 323.55 million shares exchanged at a turnover of EGP 880.8 million through 23,150 transactions.
Foreign and Egyptian investors were net buyers with EGP 24.3 million and EGP 6.48 million, respectively, while Arab investors were net sellers by EGP 30.75 million.
Market capitalisation gained EGP 5.67 billion and closed at EGP 705.01 billion.
Global Telecom topped the blue chips, rising 7.61%, followed by Egyptian Iron and Steel (HADISOLB) and Heliopolis Company for Housing and Development, which surged 5.97% and 2.71%, respectively.
On the other hand, Elsewedy Electric Co, Abu Dhabi Islamic Bank – Egypt (ADIB), and Arab Cotton Ginning dwindled 1.29%, 1.17%, and 1.07%, respectively.
