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EGX30 exceeds 13,000 pts at close

EGX30 exceeds 13,000 pts at close
The main index was supported by blue chips and local purchases - (Photo Credit: Arabianeye-Reuters)

Cairo - Mubasher: The Egyptian Exchange (EGX) ended Wednesday’s trading session on a rise that was supported by the purchases of local investors.

The benchmark index EGX30 went up 0.99%, gaining 127.43 points and going above the 13,000-point level, as it closed at 13,064.02 points.

EGX70 added 0.08%, closing at 593.98 points, while the broader index EGX100 increased by 0.62% to 1,385.03 points.

The equal-weighted index EGX50 rose 0.48% and closed at the level of 2,078.58 points.

Traded values amounted to EGP 1.3 billion as volumes reached 377.4 million shares, through 28,400 transactions.

Egyptian investors leaned towards selling, netting EGP 27.9 million, while foreign and Arab investors were net sellers at EGP 25.9 million and EGP 2 million.

SODIC, Heliopolis for Housing and Development, and Eastern Company led the rising blue chip stocks, going up 4.9%, 4.05%, and 3.1%.

On the other hand, Amer Group, Porto Group, and Egyptian Iron and Steel led the decliners, losing 3.03%, 3%, and 3.1% respectively.

Commercial International Bank (CIB), the stock with the heaviest weight in the main index, gained 0.83% and closed at EGP 77.70.