CAIRO: The Egyptian Exchange (EGX) shut on a positive note for a day in a row at the close of Monday’s session, boosted by foreign institutions’ purchases.
Backed by positive performance of the market bellwether, CIB, which rose 1.4 percent, the benchmark index EGX30 went up 1.07 percent to 7,158 points on Monday, up from 7,082 points Sunday.
Similarly, the small and mid-cap index EGX70 edged up 0.33 percent to end at 388.5 points, compared to 387.2 points in its last session.
The broader index EGX100 also edged up 0.6 percent to close at 833.6 points, after 828.64 points on Sunday
Market capitalization gained around 2.2 billion EGP ($280.96 million,) registering 445 billion EGP, compared to 442.8 billion EGP Sunday
Egypt’s market ended in green Sunday amid an investor upbeat sentiment after President Sisi accepted the government’s resignation, and asked Petroleum Minister Sherif Ismail to form a new Cabinet within a week.