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Local buying push EGX up early Tuesday

Local buying push EGX up early Tuesday
EGX indices rise collectively early Tuesday

Cairo – Mubasher: The Egyptian Exchange (EGX) rose collectively early Tuesday, bolstered by Egyptian buying.

By 10:19 am Cairo time, the benchmark EGX30 index edged up 0.39% or 51.38 points to the level of 13,727.08 points.

The EGX70 index grew 0.66% to 775.89 points, while the EGX100 index levelled up 0.69% to 1,715.80 points.

The equal-weighted EGX50 index added 0.92% to 2,270 points.

Trading volume reached 50.7 million shares exchanged at a turnover of EGP 90.17 million through 2,600 transactions.

Egyptian investors were net buyers with EGP 4.1 million, while foreign and Arab investors were net sellers with EGP 324,000 and EGP 3.7 million, respectively.

Blue chips including Abu Dhabi Islamic Bank - Egypt (ADIB), Oriental Weavers, and Egyptian resorts rose 6.43%, 4.34%, and 3.82%, respectively.

On the other hand, Sixth of October for Development and Investment (SODIC), Commercial International Bank – Egypt (CIB), and Pioneers Holding Company for Financial Investment fell 0.8%, 0.28%, and 0.24%, respectively.