Cairo – Mubasher: The Egyptian Exchange (EGX) ended Thursday in the green following strong buying by foreign investors, with market capitalisation gaining EGP 9.77 billion.
The benchmark EGX30 index jumped 1.6% or 208.2 points and closed at 13,091.05 points, while the EGX70 index increased 0.61% to 478.48 points.
The EGX100 index and the equal-weight EGX50 index added 1.99% and 1.79% to 1,180.6 points and 1,992.8 points, respectively.
Turnover reached EGP 1.3 billion on Thursday, after 356.9 million shares were exchanged.
The bourse's heaviest stock Commercial International Bank – Egypt (CIB) was the most active in terms of traded value after generating EGP 129.6 million. The stock grew 0.36% to EGP 77.45.
The majority of the EGX's blue chips ended in the green, included Global Telecom, which rose 2.74% to EGP 0.75. The exception was EFG Hermes, which lost 0.38% and closed at EGP 26.3.
Foreign and Arab investors recorded the most purchases, netting EGP 38.2 million and EGP 6.5 million, respectively, while Egyptian investors netted EGP 44.7 million in sales.
Institutional investors' buying netted EGP 297 million, whereas retail investors focused on selling.
Market capitalisation added EGP 9.77 billion to close at EGP 628.6 billion, compared to Tuesday's closing. Wednesday, 25 January was an official holiday on the EGX.
