EGX strikes all-time high, benchmark up 2.2%

CAIRO - 28 November 2017: The Egyptian Exchange (EGX) recorded its all-time high level Tuesday boosted by foreign buying, reflecting investors’ confidence in the local market despite the deadly attack on Al Rawda Mosque in North Sinai.

Powered by an investor upbeat sentiment, the benchmark index EGX30 jumped 2.23 percent to stand at 14,537 points.

The small and mid-cap index EGX70 leveled up 2.58 percent to end at 802.29 points and the broader index EGX100 soared 2.26 percent to close at 1,859.43 points.

Market capitalization skyrocketed LE 15.6 billion to record LE 812.4 billion, up from LE 769.782 billion registered at the end of Monday transactions.

Egyptian individuals and institutions as well as Arab investors were net sellers at LE 144.1 million, LE 10.9 million and LE 41.5 million respectively.

Meanwhile, foreign individuals in addition to Arab and foreign institutions were net buyers at LE 182,000, LE 1.2 million and LE 195 million.

Shares of 140 companies recorded increases, while 34 others saw declines, while, shares of 18 firms remained unchanged.