EGX ends positively for first time this week, benchmark up 1%

CAIRO – 8 November 2017: The Egyptian Exchange (EGX) closed in green Wednesday for the first time this week after a downward trend, affected by Saudi Arabia’s anti-corruption probe spread through the Gulf, pushing down every major market.

Benchmark index EGX30 increased 1.05 percent to stand at 14,204 points. The small and mid-cap index EGX70 went up 0.74 percent to end at 777.11 points and the broader index EGX100 also leveled up 0.67 percent to close at 1,756.2 points.

Market capitalization jumped LE 7.45 billion to record LE 781.239 billion, compared to LE 773.838 billion in the latest session Tuesday.

Egyptian individuals and foreign institutions were net sellers at LE 40.5 million and LE 157 million respectively. Meanwhile, Arab and foreign individuals as well as Egyptian and Arab organizations purchased at LE 3.9 million, LE 3.6 million, LE 162.9 million and LE 27 million respectively.

Shares of 115 companies recorded increases, while 54 others saw declines. Meanwhile, shares of 23 firms remained unchanged.