Foreign buying boosts EGX early Thursday

Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) rose early Thursday on the back of foreign buying.

By 10:23 am Cairo time, the benchmark EGX30 index gained 111.60 points, or 0.7%, to 15,947.33 points.

The small- and mid-cap EGX70 index edged up 0.12% to 746.23 points, while the broader EGX100 index levelled up 0.31% to 1,932.92 points and the equal-weighted EGX50 index went up 0.41% to 2,600 points.

Trading volume amounted to nearly 12.08 million shares exchanged through 1,600 transactions at a turnover of EGP 53.4 million.

Foreign investors were mostly buyers, netting EGP 702,900, while Egyptian and Arab investors were net sellers with EGP 246,600 and 456,200, respectively.

The heavyweight Commercial International Bank (CIB) added 0.14% to EGP 86.2, with a turnover of EGP 749,050.

Mubasher Contribution Time: 30-Aug-2018 08:40 (GMT)
Mubasher Last Update Time: 30-Aug-2018 10:32 (GMT)