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Egypt stock market gains EGP3.3 bln powered by blue chips

Egypt stock market gains EGP3.3 bln powered by blue chips
Indices of the Egyptian Exchange (EGX) ended Monday’s session in green, gaining EGP 3.3 billion, strongly supported by leading stocks amid strong buying appetite among local and foreign institutions.
The benchmark index EGX30 rose 1.28% or 107.82 points to close above the 8500 mark at 8508.98 points. The small and mid-cap index EGX70 also added 0.55% to 607.85 points.
The broader index EGX100 ended 0.98% or 10.46 points higher at 1077.02 points.
Turnover exceeded EGP 394 million, while traded volume reached 116.9 million shares and number of transactions reached 12.5 thousand.
Foreign and Arab traders were net buyers by EGP 41.2 million and EGP 13.5 million respectively, while national traders were net sellers by EGP 54.801 million.
Institutions accounted for 58.25% of total trading, while retail traders made up the remaining 41.74%.
Saudi Egyptian Investment was the top gainer, soaring 8.48% to EGP 65.99, followed by Alexandria New Medical Center that rose 5.03% to EGP 38.85, then Pyramisa that rose 4.32% to EGP 28.03.
On the flipside, Cairo National was the biggest loser, falling 4.92% to EGP 5.8, followed by GMC that went down 2.73% to EGP 3.92, then Egyptian Media Production City that lost 2.26% to EGP 4.33.
OTMT was the most active in terms of traded value and volume, after more than 52.6 million shares were exchanged in 925 transactions at above EGP 66 million. The stock rose 2.44% to EGP 1.26.
Blue chips were led by CIB that rose 1.78% to EGP 37.69, SODIC (+1.44%) and EFG-Hermes (+1.77%).