Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed Sunday up, encouraged by foreign and Arab buying after the Central Bank of Egypt's (CBE) decreased key interest rates by 1% on Thursday, 15 February.
The benchmark EGX30 index jumped 79.63 points, or 0.53%, to close the first session of the week at 15,045.56 points.
The small and medium-sized enterprises index EGX70 inched up 0.3% to 854.74 points, while the EGX100 gained 0.08% to 2,034 points.
The EGX’s trading volume reached 329.7 million shares traded through 33,200 transactions with a turnover of EGP 1.43 billion.
The bourse’s market capitalisation increased EGP 4.5 billion, finishing Sunday at EGP 868.27 billion.
Egyptian traders were net sellers with EGP 138.3 million, while foreign and Arab investors were net buyers with EGP 69.55 million and EGP 68.76 million, respectively.
The stock of Commercial International Bank-Egypt (CIB) levelled down 1.07% to EGP 74.14, with a liquidity of EGP 77.11 million.
Sixth of October for Development and Investment’s (SODIC) stock topped EGX’s gainers with 5.24%, followed by Heliopolis Company for Housing and Development’s stock with 3.72%, and Madinet Nasr Housing and Development’s (MNHD) stock with 2.9%.
On the other hand, the stocks of Egypt Aluminum, Porto Group, Orascom Telecom Media and Technology Holding’s (OTMT) decreased 3.4%, 3.03%, and 3.03%, respectively.
