Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in the green territory, backed by foreign purchases amid heavy turnover.
The benchmark EGX30 index went up 0.89%, finishing the session at 14,100.56 points.
Nearly 231.23 million shares changed hands during the session at a turnover of EGP 1.28 billion through 31,800 transactions.
Earlier on Wednesday, the EGX announced the results of its first periodic review for 2019 which witnessed the exit of eight stocks from the benchmark index, while others have been included such as Sarwa Capital Holding for Financial Investments and Cairo Investment and Real Estate Development.
The heavyweight Commercial International Bank's (CIB) stock fell 1.73% to EGP 82.25 following a turnover of EGP 91.71 million.
Meanwhile, the small- and mid-cap EGX70 index added 0.2% to 687.9 points, while the broader EGX100 index levelled up 1.26% to 1,729.27 points. The equal-weighted EGX50 index rose 1.34% to 2,273 points.
Foreign investors were mostly buyers, netting EGP 205.9 million, while Egyptian and Arab were net sellers with EGP 199.7 million and EGP 6.2 million, respectively.
Market capitalisation closed at EGP 791.8 billion, having gained EGP 6.2 billion on Wednesday.
