Cairo – Mubasher: The Egyptian Exchange (EGX) saw an upward trend on Thursday, bolstered by local buying.
The benchmark EGX30 index closed up 0.29% or 42.05 points to the level of 14,319.34 points.
The heavyweight Commercial International Bank (CIB) shed 0.91% to EGP 78.1 at a turnover of EGP 90.5 million.
Market capitalisation closed at EGP 780.79 billion, losing EGP 1.4 billion.
The EGX70 index rose 1.03% to 789.79 points, while the EGX100 index added 0.68% to 1,776.59 points.
The equal-weighted EGX50 index edged up 0.37% to 2,532 points.
Trading volume stood at 449.8 million shares exchanged through 36,500 transactions at a turnover of EGP 1.57 billion.
Egyptian investors were net buyers with EGP 74.3 million, while foreign and Arab investors were net sellers with EGP 70.9 million and EGP 3.4 million, respectively.
Global Telecom led blue chips with 4.62% increase, followed by Egyptian Iron and Steel (HADISOLB) and Egyptian resorts which levelled up 4.37% and 3.95%, respectively.
On the other hand, Abu Dhabi Islamic Bank – Egypt (ADIB), Palm Hills, and Cairo Oils and Soap fell 2.45%, 2.2%, and 2%, respectively.
