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CIB pushes EGX up Thursday; market cap gains EGP 11.3bn

CIB pushes EGX up Thursday; market cap gains EGP 11.3bn
Market cap gained EGp 11.3 billion and closed at EGP 1.006 trillion

Cairo – Mubasher: The Egyptian Exchange (EGX) has closed Thursday’s trading session in green territory on the back of foreign and Arab buying.

The benchmark EGX30 index soared 241.33 points, or 1.33%, closing the session at 18,363.29 points.

The heavyweight Commercial International Bank (CIB) jumped 2.82% to EGP 95, with a turnover of EGP 116.14 million.

The EGX70 index added 0.6% to 862.82 points, while the EGX100 index rose 1.1% to 2,291 points.

Market capitalisation gained EGp 11.3 billion and closed at EGP 1.006 trillion.

The equal-weighted EGX50 index edged up 0.66% at 3,084 points.

Trading volume on stocks amounted to nearly 301.2 million shares exchanged at a turnover of EGP 1.8 billion through 29,600 transactions.

Egyptian investors were net sellers with EGP 948.8 million, while foreign and Arab investors were net buyers with EGP 759.7 million and EGP 189 million, respectively.