Local, Arab buying pushes up EGX Thursday

Cairo –Mubasher: The Egyptian Exchange (EGX) ended Thursday’s trading session on a positive note, helped by local and Arab buying.

The benchmark EGX30 index rose 20.22 points, or 0.14%, to close at 14632.4 points.

Market capitalisation increased to EGP 801.93 billion after gaining EGP 623.6 million.

The small and mid-cap EGX70 index increased 0.43% to 698.78 points, and the broader EGX100 index inched up 0.17% to close at 1784.85 points.

Trading volume amounted to nearly 157.6 million shares exchanged at a turnover of EGP 661.7 million through 21, 5 transactions.

Egyptian investors were net buyers with EGP 514.6 million, while foreign and Arab investors were net sellers with EGP 264.22 million and EGP 250.4 million, respectively.

The heavyweight Commercial International Bank (CIB) rose 1.63% to EGP 84.43, with a turnover of EGP 90.3 million.

SODIC topped blue-chip decliners, losing 4.68%, followed by Emaar Misr and Nasr City Housing and Development (MNHD), which dropped 2.73%, 2.56%, respectively.

On the other hand, Egyptian Resorts Company topped risers with an 8.51% increase, followed by Eastern Co with a 3.66%, while Arab Cotton Ginning Co. added 3.23%.

Mubasher Contribution Time: 27-Sep-2018 14:29 (GMT)
Mubasher Last Update Time: 27-Sep-2018 14:29 (GMT)