Foreign, Arab buying pushes EGX up at Tuesday's open

Cairo – Mubasher: The Egyptian Exchange (EGX) opened Tuesday’s session on a positive note, backed by strong buying appetite among foreign and Arab traders.

The benchmark EGX30 rose 0.21% or 27.36 points to the level of 12,893.42 points.

The EGX50 index also grew 0.18%, while the EGX70 index declined 0.15% and the EGX100 index decreased 0.01%.

Turnover reached EGP 524.8 million as 207.03 million shares were exchanged through 9,900 transactions.

Foreign and Arab investors were net buyers by EGP 2.12 million and EGP 20.5 million, respectively, while net sales by Egyptian traders reached EGP 24.2 million.

TMG Holding dropped 10.7%, Arabian Cement shrank 1.04%, and Citadel fell 1.03%.

On the other hand, EFG Hermes rose 6.43%, Porto Holding advanced 3.33%, and SODIC ascended 1.66%.

The Commercial International Bank – Egypt (CIB) grew 0.64% to EGP 77.

Mubasher Contribution Time: 16-May-2017 09:51 (GMT)
Mubasher Last Update Time: 16-May-2017 10:08 (GMT)