EGX ends in green, pushed by foreign purchases

CAIRO – 29 March 2017: The Egyptian Exchange (EGX) shut on a positive note Wednesday powered by foreign retailers’ purchases.

The benchmark index EGX30 ended almost flat after adding a slight 0.4 percent to reach 12,987 points. CIB, the index heaviest constituent, ended 0.6 percent down.

EGX30’s top performers were: Sidi Kerir Petrochemicals up 3.8 percent, Eastern Co up 3.7 percent, and Credit Agricole up 2.8 percent.

Egyptian Iron and Steel, GB Auto and Arab Cotton Ginning were the worst performers, losing 2.2 percent, 1.5 percent and 1.4 percent, respectively.

The small and mid-cap index EGX70 edged up 0.97 percent, closing at 565.3 points. Also, the broader index EGX100 rose 1.04 percent to end at 1,320 points.

Market capitalization added around 2.9 billion EGP ($158.86 million), totaling 655.2 billion EGP, and turnover amounted to 761.8 million EGP.