Cairo – Mubasher: The Egyptian Exchange (EGX) indices levelled up in Thursday’s early trades on the back of Arab and foreign investors’ purchases.

By 10:51 am Cairo time, the EGX30 index rose 1.22% or 166.6 points to reach 13,856.89 points, registering its highest level ever.

The EGX70 index remained at 687.6 points, whereas the EGX100 inched up 0.02% to 1,574.45 points, and the equal-weighted EGX50 index increased 0.90% to reach 2,130.4 points.

Trading volume reached 141.1 million shares, through 5,600 transactions, at a value of EGP 278.4 million.

Net purchases of foreign and Arab investors reached EGP 13.77 million and EGP 13.55 million, respectively, while Egyptian investors sales amounted to EGP 22.33 million.

About 68 stocks levelled up, whereas 31 stocks tumbled, and 24 stocks remained unchanged.

The stocks of Egyptian Resorts Co, Porto Holding Group, Egyptian Iron and Steel (HADISOLB), Juhayna Food Industries, and Orascom Telecom Media and Technology Holding gained between 5.71% and 2.78%.

On the other hand, Orascom Construction Ltd, Arabian Food Industries Company (Domty), Egyptian Financial Group Hermes Holding, Elsewedy Electric Co, and Arabian Cement decreased between 2.36% and 0.11%.

The Commercial International Bank - Egypt (CIB) rose 1.93% to EGP 87.20.

Analysts had told Mubasher that the EGX benchmark index will remain stable at around 13,700 points during Thursday's trades, and may witness an unstable performance until purchases push the index to the target the level of 14,000 points.