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EGX benchmark leaps 2.24%; equities gain EGP4 bln

EGX benchmark leaps 2.24%; equities gain EGP4 bln
Photo Credit: Arabianeye - Reuters

Cairo – Mubasher: The Egyptian Exchange (EGX) indices closed on mixed note on Thursday, as the benchmark index EGX30 advanced 2.24% or 135.68 points closing at 6,202.22 points.

The market capitalization gained EGP 4 billion ($516 million) reaching EGP 400.6 billion, supported by the buying activity of Arab and foreign investors.

The small and mid-cap index EGX70 slid 0.23% to 349.46 points, while the broader index EGX100 inched up 0.15% to 708.61 points.

The equal weighed index EGX50 went up 0.76% to 1,116.02 points.

The market total turnover reached EGP 763.9 million with 235.6 million shares changed hands, carried out through 24,400 transactions.

The Arab and foreign investors stepped in as net buyers with EGP 34.7 million and EGP 22.4 million, while local investors ended as net sellers with EGP 57.1 million.

Institutions came as net buyers, while retail investors came as net sellers.

Out of 171 companies traded today, advancers outnumbered decliners by 81 to 52, while 38 stocks remained unchanged.