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Cairo bourse opens in green

Cairo bourse opens in green
The sideways trend becomes uptrend in early trading

Cairo – Mubasher: EGX indices initiated Monday’s trading session on a positive note collectively stimulated by national and foreign investors’ buying appetite. 

By 11:05am Cairo time, the main index rose 0.10% to the mark of 7,493 points.

The equal-weighted index EGX50 opened 0.31% higher to 1,396 points,

The small and mid-cap EGX70 moved up by 0.44% to the mark of 375 points.

The broader index was 0.40% up to 787 points.

By 11:15am Cairo time, around 87 million shares were traded at EGP 30 million over 3,500 transactions.  

Nationals and foreign investors were net buyers by EGP 15.3 million and EGP 2.6 million respectively, while Arab investors were net sellers by EGP 17.9 million.

By 11:37am Cairo time, Samad Misr, Qatar National Bank, and Medical Packaging Company led the gainers with a rise of 4.71%, 4.24%, and 3.70% respectively.

Meanwhile, the top losers were headed by Amer Group Holding (-2.94), Modern Company for water proofing (- 2.38), and Arab Cotton Ginning (-1.77%).