EGX rallies on foreign buying, benchmark up 1.1%

CAIRO – April 11, 2017: The Egyptian Exchange rallied on Tuesday, powered by foreign institutions' purchases.

The benchmark index (EGX30) rebounded after losing ground for three consecutive sessions, closing 1.15 percent up to hit 12,995 points.

The small and mid-cap EGX70 index edged up 1.02 percent, closing at 599 points, and the broader EGX100 index also added 1.08 percent to reach 1,372 points.

Market capitalization gained around 7 billion EGP ($386.95 million), totaling 664.7 billion EGP. Total turnover amounted to 898 million EGP.