Indices of the Egyptian Exchange (EGX) shut on a positive note amid strong buying by foreign institutions and local traders.
The benchmark index EGX30 rose 1.04% or 91.04 points to close at 8826.28 points; its highest closing level since August 10, 2008.
The small and mid-cap index EGX70 also added 0.91% or 5.64 points to 628.22 points. The broader index EGX100 ended 0.83% or 9.13 points to 1108.77 points.
Market capitalization gained around EGP 3.604 billion to reach EGP 501.058 billion, compared with EGP 497.454 billion on Sunday.
Sunday’s turnover amounted to more than EGP 1.3 billion, generated from trading 196 million shares in 27,000 transactions.
Institutions accounted for 65.73% of total trading, while retail traders made up the remaining 34.26%.
Heaviest weight CIB rose 4.65% to EGP 42.12.
The benchmark index EGX30 rose 1.04% or 91.04 points to close at 8826.28 points; its highest closing level since August 10, 2008.
The small and mid-cap index EGX70 also added 0.91% or 5.64 points to 628.22 points. The broader index EGX100 ended 0.83% or 9.13 points to 1108.77 points.
Market capitalization gained around EGP 3.604 billion to reach EGP 501.058 billion, compared with EGP 497.454 billion on Sunday.
Sunday’s turnover amounted to more than EGP 1.3 billion, generated from trading 196 million shares in 27,000 transactions.
Institutions accounted for 65.73% of total trading, while retail traders made up the remaining 34.26%.
Heaviest weight CIB rose 4.65% to EGP 42.12.
Source:
Mubasher Exclusive
