Cairo – Mubasher: The Egyptian Exchange’s benchmark index (EGX30) finished the mid-week trading session higher 0.7% to 11,502.8 points on foreign purchases.
The largest EGX30 component EGX30 ended 1.5% higher to EGP 69.7 with a turnover of EGP 49.9 million
Orascom Telecom declined 0.5% to EGP 6.03, registering trades worth EGP 94.9 million trading value.
Orascom Telecom fell 2.3% to stay at EGP 0.84 to extend a downward streak after announcing that Naguib Sawiris has resigned from his duties as the managing director of the company, effective 1 January 2017.
The broader index EGX100 rose 0.21% to 1,079.22 points and the equal-weighted index inched up 0.14% to 1,865.7 points.
Meanwhile, the small and mid-cap index fall in the red zone at 457.2 points with a 0.54% slide.
Market capitalization gained EGP 2.3 billion to close at EGP 569.8 billion.
Institutions were net buyers by EGP 84.96 million, while individuals were placed sellers.
Foreigners tend to buy stocks at EGP 134.3 million, while nationals and Arabs were net sellers by EGP 130.2 million and EGP 4.1 million.
Trading value reached EGP 1.03 billion after 341 million shares were traded.
The market index limitedly rose for the fifth session to end the session below the resistance 11,700 and above the support 11,375, said market analyst Hesham Hassan, expecting the sideways movement to continue as long as EGX30 stands below the previous resistance.
