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EGX ends Wednesday mixed; liquidity rises to EGP 1.8bn

EGX ends Wednesday mixed; liquidity rises to EGP 1.8bn
EGX30 index edged up 25.23 points, or 0.17%, to 15,244.49 points

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session mixed amid local and non-Arab buying against Arab selling.

The benchmark EGX30 index edged up 25.23 points, or 0.17%, to 15,244.49 points.

The heavyweight Commercial Bank of Egypt (CIB) rose 2.26% to EGP 78.16, its highest level since 9 January 2018, at a turnover of EGP 130 million.

Market capitalisation gained EGP 406.7 million, closing at EGP 879.5 billion.

The EGX70 index slid 0.47% to 854.96 points, while the EGX100 index remained stable at 4,759 points.

Trading volume amounted to about 306.6 million shares exchanged through 27,500 transactions at a turnover of EGP 1.8 billion.

Arab investors were net sellers with EGP 753.3 million, while foreign and Egyptian investors were net buyers with EGP 693.9 million and EGP 59.4 million, respectively.