Cairo – Mubasher: The Egyptian Exchange (EGX) opened Sunday’s trading session up, bolstered by foreign investors' buying.
By 10: 23 am Cairo time, the benchmark EGX30 index gained 0.28% or 39.38 points to the level of 13,470.33 points.
The EGX70 index edged up 0.29% to 691.26 points, while the EGX100 index grew 0.27% to 1,568.91 points.
The equally-weighted EGX50 index added 1.1% to 2,124 points.
Trading volume stood at 66.92 million shares exchanged at a turnover of EGP 92.3 million through 2,080 transactions.
Foreign investors were net buyers with EGP 8.7 million, while Egyptian and Arab investors were net sellers with EGP 7.3 million and EGP 1.4 million, respectively.
Blue chips including Egyptian resorts, Iron and steel, and Citadel Capital levelled up 5.93%, 5.82%, and 5.26%, respectively.
On the other hand, Porto Group Holding, Egyptian Financial and Industrial (EFIC), and Sidi Kerir Petrochemicals (Sidpec) tumbled 2.22%, 0.7%, and 0.46%, respectively.
Commercial International Bank – Egypt (CIB) shed 0.17% to EGP 82.7.
The EGX is expected to continue its positive performance, and the EGX30 index is likely to break above 13,700 points, analysts told Mubasher.
