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EGX soars 195 pts on CIB at Thursday’s close

EGX soars 195 pts on CIB at Thursday’s close
EGX30 index jumped 194.47 points, or 1.44%, finishing the session at 13,681.67 points

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Thursday’s trading session on a mixed note 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.

The benchmark EGX30 index jumped 194.47 points, or 1.44%, finishing the session at 13,681.67 points.

The small- and mid-cap EGX70 index dipped 0.06% to 695.04 points, while the broader EGX100 index edged up 0.12% to 1,737 points.

The equal-weighted EGX50 index levelled up 0.6% to 2,182 points.

Trading volume amounted to around 225.7 million shares exchanged at a turnover of EGP 882.19 million through 23,955 transactions.

The Commercial International Bank (CIB) climbed by 1.35% to EGP 81.6, with a turnover of EGP 79 million.