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Foreign purchases push EGX higher at open

Foreign purchases push EGX higher at open
The Egyptian Exchange (Photo credit: Mubasher)

Cairo – Mubasher: The benchmark EGX30 of the Egyptian Exchange (EGX) rose at Tuesday’s open by 0.7% or 88.6 points to the level of 12,736 points.

By 10:30 am Cairo time, the EGX70, EGX100, and EGX50 indices also advanced by 0.06%, 0.12%, and 0.28%, respectively.

Trading volume reached 38 million shares exchanged at EGP 218 million.

Foreign and Arab traders were net buyers by EGP 39.6 million and EGP 45.3 million, respectively, while net sales by Egyptian investors reached EFG 84.9 million.

EFG Hermes rose 4.3%, Emaar Misr grew 2.44%, Telecom Egypt ascended 2.37%, and Sidi Kerir Petrochemicals rose 1.7%.

The Commercial International Bank – Egypt (CIB) levelled up 0.48% to EGP 76.5.

On the other hand, Egyptian Resorts, Domty, National Real Estate Bank for Development, and Ghabbour declined between 3.1% and 1.8%.