EGX closes Thursday in green; market cap gains EGP 2.6bn

EGX closes Thursday in green; market cap gains EGP 2.6bn
EGX indices close collectively Thursday

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday up, bolstered by foreign buying.

The benchmark EGX30 index edged up 0.55% or 75.66 points to the level of 13,892.71 points.

Market capitalization closed at EGP 771.28 billion, gaining EGP 2.6 billion.

The Commercial International Bank of Egypt (CIB) grew 0.87% to EGP 77.8, with a turnover of EGP 79.3 million.

The EGX70 index rose 1.03% to 815.91 points, while the EGX100 index went up 0.92% to 1,809.36 points.

The equal-weight EGX50 index slipped 0.27% to 2,389 points.

Trading volume stood at 342.8 million shares exchange at EGP 1.1 billion through 35,200 transactions.

Foreign investors were net buyers with EGP 70.5 million, while Egyptian and Arab investors were net sellers with EGP 52.7 million and EGP 17.8 million, respectively.

Blue chips including Elsewedy Electric, Oriental Weavers, and Arab Cotton Ginning leveled up 5.3%, 3.6%, and 3.25%, respectively.

On the other hand, Porto Group Holding, Egyptian resorts, and Citadel Capital fell 3.92%, 3.55%, and 2.88%, respectively.

Source: Mubasher