EGX benchmark hits its all time high

CAIRO – 13 July 2017: The Egyptian Exchange (EGX) saw a mixed performance at the end of Thursday’s session, while the benchmark index EGX 30 recorded its highest level since inauguration.

The benchmark index EGX30 advanced 0.97 percent to close at 13,823 points.

The small and mid-cap index EGX70 decreased 0.35 percent to end at 686 points.

The broader index EGX100 also went down 0.21 percent to the level of 1,571 points.

Market capital gained LE 3 billion ($167 million) and totaled LE 714 billion, up from LE 711 billion on Wednesday, increasing LE 7.4 billion on a weekly basis.

The foreign and Arab investors were net purchasers with a total of LE 20 million and LE 19 million, respectively, while local traders sold by LE 39 million.

Total turnover fell to LE 948 million from LE 971 million achieved on Wednesday.

Trade volume also leveled down to 367 million shares after 463 million shares yesterday.

El Arabia for Land Reclamation topped gainers and surged 9.3 percent, while El Obour Real Estate Investment led losers and plunged 9.6 percent.