EGX soars 369.54 pts at Tuesday’s close

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Tuesday’s trading session in green territory on the back of foreign and Egyptian buying.

The benchmark EGX30 index jumped 369.54 points, or 2.43%, finishing the session at 15,606.18 points.

The small- and mid-cap EGX70 index edged up 0.62% to 743.19 points, while the broader EGX100 index rose added 1.06% to 1,916 points.

The equal-weighted EGX50 index went up 1.61% to 2,569 points.

Trading volume amounted nearly to 321.4 million share exchanged to EGP 906.29 million through 25,500 transactions.

Market capitalisation gained EGP 12.3 billion and closed at EGP 867.9 billion.

The heavyweight Commercial International Bank (CIB) soared 4.01% to EGP 85.02, with a turnover of EGP 57.7 million.

KIMA led gainers with 8.4%, followed by Palm Hills and Egyptian Resorts, which rose 7.31% and 6.7%, respectively.

On the other hand, Porto Group losers with 4.55%, followed by Amer Group and Juhayna, which fell 4.17% and 2.18% each.

Arab investors were mostly sellers, netting EGP 15.3 million, while foreign and Egyptian investors were net buyers with EGP 8.5 million and EGP 6.8 million, respectively.

Mubasher Contribution Time: 28-Aug-2018 13:18 (GMT)
Mubasher Last Update Time: 28-Aug-2018 13:18 (GMT)