CIB pushes EGX above 16,000 pts mid-Tuesday

Cairo – Mubasher: The benchmark EGX30 index jumped 385 points, or 2.51%, breaking above 16,000 points on the back of the heavyweight Commercial International Bank (CIB).

By 12:14 pm Cairo time, CIB surged by 3.99% to EGP 85, with a turnover of EGP 27.9 million.

Meanwhile, the bourse’s turnover hit EGP 456.4 million traded through 170.8 shares.

Egyptian Chemical Industries (Kima) headed top gainers with 9.89%, while Juhayna Food Industries topped declining blue-chip stocks with 6.87%.

It is worth noting that Capital economics projected the EGX30 index to touch 17,900 points late-2018.

Mubasher Contribution Time: 28-Aug-2018 10:37 (GMT)
Mubasher Last Update Time: 28-Aug-2018 10:50 (GMT)