Foreign buying pushes up EGX at Wednesday's close

Cairo — Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session in green territory on the back of foreign buying.

The benchmark EGX30 index added 63.15 points, or 0.47%, to finish the session at 13,510.27 points, boosted by the heavyweight Commercial International Bank (CIB), which surged 3.42% to EGP 79.25 with a turnover of EGP 88.58 million.

The small- and mid-cap EGX70 index leveled down 0.10% to 674.75 points, whereas the broader EGX100 index shed 0.09% to 1,701.14 points.

The equal-weighted EGX50 index dipped 0.23% to 2,199 points.

Trading volume amounted to 232.3 million shares exchanged through 26,080 transactions at a turnover of EGP 1.006 billion.

Foreign investors were net buyers with EGP 149.46 million, while Egyptian and Arab investors were net sellers with EGP 109.004 million and EGP 40.4 million, respectively.

Market capitalisation lost EGP 950 million and closed the session at EGP 763.8 billion.

Mubasher Contribution Time: 16-Jan-2019 13:53 (GMT)
Mubasher Last Update Time: 16-Jan-2019 13:53 (GMT)