Foreign buying drives EGX30 above 13,000 pts; market cap up EGP 3.4bn

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Monday’s trading session on a mixed note, amid foreign buying.

The benchmark EGX30 index rose 0.78% or 100.48 points, breaking above the elve of 13,000 points and closing at 13,013.73 points.

The EGX70 index fell 0.55% to 695.34 points, while the EGX100 index tumbled 0.27% to 1,563.38 points. The equally-weighted EGX50 index grew 0.45% to 2,008.58 points.

Traded volume stood at 265.03 million shares exchanged at a turnover of EGP 732.9 million through 19,800 transactions.

Market capitalisation added EGP 3.4 billion and closed at EGP 693.9 billion.

Foreign investors were net buyers with EGP 83.3 million, while Egyptian and Arab investors were net sellers by EGP 38.6 million and EGP 44.7 million, respectively.

Commercial International Bank – Egypt (CIB) levelled up 1.95% to EGP 82.5, with a turnover of EGP 30.9 million.

Blue chips including Citadel Capital, Telecom Egypt, and Egyptian Iron and Steel (HADISOLB) surged 0.93%, 7.18%, and 3.76%, respectively.

On the other hand, Heliopolis Company for Housing and Development, Sidi Kerir Petrochemicals (Sidpec), and Ezz Steel slipped 1.2%, 1.18%, and 0.61%, respectively.

Mubasher Contribution Time: 28-Aug-2017 13:29 (GMT)
Mubasher Last Update Time: 28-Aug-2017 13:43 (GMT)