Egyptian Equity closes in the North Pole, EGX30 1.64% up

CAIRO (Capital Markets in Africa)- The Egyptian Exchange (EGX) ended Thursday’s trading session in a rise, as the benchmark index EGX30 added 1.64% or 203.6 points and closed at the level of 12,651.97 points, after closing five consecutive sessions in red.

EGX70 declined by 0.96% to 512 points, and similarly, the broader index EGX100 lost 0.88% to the level of 1,220.19 points.

On the other hand, the equal-weighted index EGX50 rose 1.78%, closing at 1,957.58 points.

The market capital increased by around EGP 8.3 billion and closed the session at EGP 615.3 billion.

Traded values reached EGP 1.02 billion with traded volumes totaling 218.3 million shares.

Arab investors were net buyers at EGP 58.07 million, while foreign and Egyptian investors leaned towards selling, netting EGP 30.8 million and 27.3 million respectively.

Global Telecom registered the highest turnover at EGP 100.6 million through the trade of 13.78 million shares.

The stock of Commercial International Bank (CIB), which has the biggest weight in the main index, went up 1.2% to EGP 76.7.