EGX sees upward trend early Sunday

Cairo –Mubasher: the Egyptian Exchange (EGX) opened Sunday’s trading session up, backed by Arab investors’ buying.

By 10:24 am Cairo time, the benchmark EGX30 index edged up 0.31% or 47.27 points to 15,289.75 points.

The EGX70 index added 0.15% to 852.22 points, while the EGX100 index went up 0.21% to 2020 points.

The equal-weighted EGX50 index gained 0.52% to 2,687 points.

Trading volume stood at about 26.4 million shares exchanged at a turnover of EGP 87.4 million through 2,300 transactions.

Arab investors were net buyers with EGP 14.7 million, while foreign and Egyptian investors were net sellers with EGP 12.7 million and EGP 1.9 million respectively.

The heavyweight Commercial International Bank (CIB) levelled up 0.9% to EGP 79.22 at a turnover of EGP 111,300.

The EGX is likely to take a temporal pause from the upward trend, awaiting new market-boosting catalysts and liquidity, analysts told Mubasher.

Mubasher Contribution Time: 14-Jan-2018 08:52 (GMT)
Mubasher Last Update Time: 14-Jan-2018 08:53 (GMT)

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