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EGX ends Sunday mixed; market cap adds EGP 7.3bn

EGX ends Sunday mixed; market cap adds EGP 7.3bn
Market cap closed at EGP 988.7 billion and gained EGP 7.3 billion

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

The benchmark EGX30 index levelled up 117.07 points, or 0.66%, to 17,898.09 points.

Market capitalisation closed at EGP 988.7 billion and gained EGP 7.3 billion.

The small- and medium-caps EGX70 index slipped 0.17% to 865.69 points, while the broader EGX100 index inched up 0.04% to 2,273 points.

The equal-weighted EGX50 index climbed 1.59% to 3,063 points.

Trading volume on stocks amounted to nearly 493.4 million shares exchanged at a turnover of EGP 1.2 billion through 32,180 transactions.

Egyptian investors were mostly sellers, netting EGP 382.7 million, while foreign and Arab investors were net buyers with EGP 316.9 million and EGP 65.8 million, respectively.

The heavyweight Commercial International Bank (CIB) shed 0.40% to EGP 89, with a turnover of EGP 17.3 million.

Qalaa Holdings’ stock topped rising blue chips with 9.72%, followed by Orascom Telecom and Amer Group which rose 8.86% and 8.11%, respectively.

On the other hand, SODIC led top losers with 2.72%, followed by TMG Holding and Global Telecom which fell 2.22% and 1.73%, respectively.

Meanwhile, the NileX index dipped 0.83 points, or 0.17%, to 480.77 points.