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EGX ends Wednesday mixed; Taaleem surges 6.7% on first day of trading

EGX ends Wednesday mixed; Taaleem surges 6.7% on first day of trading
The market cap value retreated by EGP 1.3 billion

Cairo – Mubasher: The Egyptian Exchange (EGX) closed Wednesday’s trading session on a varied note amid local selloffs and Arab and foreign purchases.

The main EGX30 index fell by 0.35% to 10,227 points, while the small- and mid-cap EGX70 EWI rose by 0.2% to 1,840 points.

Meanwhile, the EGX100 EWI declined by 0.09% to 2,748 points, whereas the EGX50 EWI dropped by 0.42% to 1,917 points.

On its first day of trading, the stock of Taaleem Management Services rose by 6.7% to end at EGP 6.14.

The stock witnessed the exchange of 16.8 million shares at a turnover of EGP 102.43 million, making up 10% of the market’s turnover.

The market cap value retreated by EGP 1.3 billion to stand at EGP 636.579 billion.

Local investors were net sellers with EGP 30.39 million, while foreign and Arab investors were net buyers with EGP 13.6 million and EGP 16.74 million, respectively.

The market’s turnover reached EGP 1.01 billion after 427.9 million shares were traded through about 31,840 transactions.