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EGX ends Sunday mixed; market cap gains EGP 8.5b

EGX ends Sunday mixed; market cap gains EGP 8.5b
The benchmark EGX30 index fell 271.93 points, or 1.6%, to 17,271.03 points

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Sunday’s trading session on a mixed note, amid foreign buying and local and Arab selling.

The benchmark EGX30 index fell 271.93 points, or 1.6%, to finish the first session of the week at 17,271.03 points, touching an all-time high level.

Market capitalisation closed at EGP 980.9 billion and gained EGP 8.5 billion.

The small- and medium-sized cap EGX70 levelled down 0.58% to 894.64 points, while the broader EGX100 index inched up 0.05% to 2,273.06 points.

Trading volume reached about 583.5 million shares changed hands through 39,270 transactions at a turnover of EGP 2.05 billion.

Foreign investors were mostly buyers, netting EGP 542.7 million, while Egyptian and Arab investors were net sellers with EGP 355.9 million and EGP 186.8 million, respectively.

The heavyweight Commercial International Bank (CIB) rose 1.32% to EGP 90.02 at a turnover of EGP 105.7 million.

Citadel Capital’s stock topped the market’s gainers adding 9.6% followed by Egyptian Resorts Company which surged 9.43%.

On the other hand, Global Telecom Holding’s stock led the bourse’s decliners falling 3.18%, while Arabian Cement dropped 2.82%.