Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices opened Thursday in the green, backed by foreign purchases.
By 11:00 am Cairo time, the benchmark EGX30 index grew 0.88%, adding 110.68 points and reaching 12,714.24 points.
The EGX70 and EGX100 indices added 0.93% and 1.07% to 591.4 points and 1,360.03 points, respectively. Similarly, the equal weight EGX50 index gained 0.51% to 2,032 points.
Turnover reached EGP 151.42 million after 38.19 million shares changed hands through 5,200 transactions.
Foreign investors were mostly buyers, netting EGP 19.9 million, while Egyptian and Arab investors were net sellers with EGP 19.28 million and EGP 680,000, respectively.
Heliopolis Housing led risers with 2.61%, followed by Elsewedy Electric and Eastern Company with 2.21% and 2.07%, respectively.
On the flipside, Cairo Oils led losers, sliding 10.53%, followed by Porto Group and Credit Agricole with 3.85% and 2.37%, respectively.
In the meantime, EGX's heavyweight Commercial International Bank – Egypt (CIB) gained 0.29% to EGP 75.15.
Earlier on Thursday, analysts had told Mubasher that they expected the EGX to extend gains in the final trading session of the week, noting that the benchmark EGX30 index was likely to test the level of 12,700 points.
