EGX ends high for 3rd session in a row, benchmark adds 0.58%

CAIRO – 11 September 2017: The Egyptian Exchange (EGX) saw positive performance on Monday, backed by foreign traders’ purchases.

The benchmark index EGX30 rose 0.58 percent to close at 13,533 points.

The small and mid-cap index EGX70 increased 2.61 percent to end at 713.4 points. The broader index EGX100 index also added 1.88 percent to close at 1,603.4 points.

Market capitalization gained LE 4.75 billion ($269 million) to reach LE 712.25 billion compared to LE 707.5 billion on Sunday.

Turnover leveled up to LE 1.38 billion compared to LE 1.2 billion Sunday, while traded volume fell to 441.38 million shares after 568.45 million shares yesterday.

Local and Arab investors were net sellers with a total of LE 91.7 million and LE 11.7 million, respectively, while foreign traders purchased by LE 103.48 million.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 276.58 million and 202.70 million shares, respectively.

National Cement topped gainers and surged 12.18 percent, while Rubex International for Plastic and Acrylic Manufacturing led the worst performers and slipped 6.2 percent.