Mubasher TV
Contact Us Advertising   العربية

Egypt's bourse opens on positive note

Egypt's bourse opens on positive note
Photo Credit: Arabianeye - Reuters

Cairo - Mubasher: The Egyptian Exchange (EGX)indices advanced collectively in Wednesday’s early trade, as the benchmark index went up 0.46% to 6,386 points.

The small and mid-cap index EGX70 inched up 0.09% to 350 points; while the broader index EGX100 gained 0.12% to 749 points.

The equal-weighted index EGX50 edged up 0.55% to 1,099 points.

The market turnover recorded EGP 20 million, with 23 million shares change hands through 782 transactions.

Local and  Arab investors came as net buyers with EGP 309,600 and EGP 23,000 respectively, while foreign investors came as net sellers with EGP 332,600.

EGX is forecasted to bounce up slightly on Wednesday, on the decrease of the selling pressures that dominated the previous sessions, technical analysts told Mubasher in earlier statement.