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EGX opens Thursday in green

EGX opens Thursday in green
EGX30 index edged up 45.19 points, or 0.34%, to 13,532.39 points

Cairo – Mubasher: The Egyptian Exchange (EGX) started Thursday’s trading session in green territory amid the anticipation of the Central Bank of Egypt’s (CBE) Monetary Policy Committee (MPC) interest rate decision.

The MPC is expected to keep interest rates unchanged during their meeting today amid weak hike expectations, according to a poll done by Mubasher.

By 10:19 am Cairo time, the benchmark EGX30 index edged up 45.19 points, or 0.34%, to 13,532.39 points.

The small- and mid-cap EGX70 index inched up 0.02% to 695.67 points, whereas the broader EGX100 index added 0.05% to 1,736.8 points.

Likewise, the equal-weighted EGX50 index levelled up 0.26% to 2,175 points.

Trading volume amounted to nearly 27.3 million shares exchanged through 1,400 transactions at a turnover of EGP 91.16 million.

Egyptian investors were net buyers with EGP 1.4 million, while foreign and Arab investors were net sellers with EGP 1.2 million and EGP 208,200, respectively.

The heavyweight Commercial International Bank (CIB) inched up 0.01% to EGP 80.52.