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EGX indices end Monday mixed; EGX30 near stable

EGX indices end Monday mixed; EGX30 near stable
CIB's stock fell 0.6% to EGP 84.7

Cairo – Mubasher: Egyptian Exchange (EGX) indices closed Monday’s trading session mixed amid buying by Egyptian investors and selling by Arab and foreign ones.

The benchmark EGX30 index shed earlier gains and closed the session near stable, slipping only 0.01% or 1.16 points to 16,780 points, amid limited liquidity.

On the other hand, the EGX70 index grew 0.79% to 860.41 points, while the wider EGX100 and the equal-weighted EGX 50 added 0.59% each to close at 2,196 points and 2,914 points, respectively.

Turnover amounted to EGP 773.2 million after 143.4 million shares were traded through 19,090 transactions.

Market capitalisation added EGP 6.4 billion and closed Monday at EGP 952.9 billion.

Egypt investors were mostly buyers during Monday’s trades, netting EGP 61.9 million, while foreigners and Arabs were sellers, netting EGP 48.8 million and EGP 13.1 million, respectively.

As for the EGX’s heaviest weighted stock, the Commercial International Bank – Egypt (CIB) fell 0.6% to EGP 84.7.

Egypt Aluminum led the EGX’s blue-chip gainers, rising 4.14%, followed by Pioneers Holding and Qalaa Holding with 3.85% and 2.36%, respectively.

On the negative side, Amer Group’s stock led fallers, sliding 6.06%, while Eastern Company lost 3.43%, a and EFG Hermes declined 2.65%.