EGX ends Wednesday up, market cap adds EGP 4.8bn

EGX ends Wednesday up, market cap adds EGP 4.8bn
The main EGX30 index rose 240.17 points, or 1.51%, reaching 15,982 points

Cairo – Mubasher: The Egyptian Exchange (EGX) finished Wednesday in the green, backed by foreign investor buying.

The main EGX30 index rose 240.17 points, or 1.51%, reaching 15,982 points, while the EGX70 index grew 0.54% to 802.87 points, the EGX100 index increased 0.62%, reaching 2,048 points, and the equal-weighted EGX50 index went up 1.31% to 2,713 points.

The bourse’s market capitalisation increased by EGP 4.8 billion to close at EGP 907.36 billion.

The EGX saw trading of 126.2 million shares, through 17,900 transactions, generating EGP 813.3 million on Wednesday.

Foreign traders were net buyers with EGP 120.4 million, while Egyptian and Arab investors were net sellers with EGP 112.2 million and EGP 8.2 million, respectively.

The heavyweight Commercial International Bank’s (CIB) stock gained 0.99% to EGP 85.7, with a turnover of EGP 43.4 million.

Madinet Nasr Housing and Development’s (MNHD) stock was the best performer, surging 6.34%, followed by Qalaa Holdings’ stock with 4.98%, and Ezz Steel’s stock with 4.24%.

On the flipside, Egypt Aluminum, Arabian Cement, and Alexandria Mineral Oils Co (AMOC) stocks levelled down 4.18%, 1.33%, and 1.19%, respectively.

Source: Mubasher

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