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EGX ends in green backed by foreign institutions’ purchases

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CAIRO: The Egyptian Exchange (EGX) shut on a collective rise Tuesday, the first session after Eid al-Fitr vacation, powered by buying spree among foreign institutions and local retailers.

The benchmark index EGX30 added 0.33 percent to end Tuesday at 8,050 points, up from 8,023 points on Thursday.

Market capitalization added around 200 million EGP ($25.53 million,) totaling 486.7 billion EGP, up from 486.5 billion EGP on Thursday.

The market bellwether, CIB, rose 0.78 percent to close at 55.38 EGP per share, compared to 54.95 EGP per share on Thursday.

Further, the small and mid-cap index EGX70 inched up 1.13 percent to end at 437.15 points, compared to 432.26 points in its last session. The broader index EGX100 also went up 0.67 to close at 908.24 points.

 


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