EGX rallies on foreign buying, benchmark climbs 1.6%

CAIRO – 4 April 2017: The Egyptian Exchange (EGX) shut on a positive note Tuesday, pushed by Arab retailers and foreign institutions’ purchases.

The benchmark index EGX30 ended up 1.56 percent to reach 13,265 points. EGX30’s top performers were: Juhayna up 6.1 percent, Porto Group up 3.8 percent, and Egyptian Resorts up 3.7 percent.

Domty, GB Auto and Oriental Weavers were the worst performers losing 2.8 percent, 0.7 percent and 0.6 percent, respectively.

The small and mid-cap index EGX70 edged up 1.2 percent, closing at 579.6 points. Also, the broader index EGX100 rose 1.04 percent to end at 1,348 points.

Market capitalization added around 7 billion EGP ($386.7 million,) totaling 665.6 billion EGP. Total turnover amounted to 1.3 billion EGP.