EGX ends on mixed notes for 2nd day, benchmark up 0.5%

CAIRO – 10 May 2017: The Egyptian Exchange (EGX) indexes extended its mixed performance for a second straight session Wednesday.

Powered by foreign purchases, the benchmark EGX30 index inched up 0.46 percent, closing at 12,993 points. CIB, the heaviest weight on the gauge gained 0.8 percent to end at 77.14 EGP per share ($4.26).

In turn, the small and mid-cap enterprises index (EGX70) lost ground for the second day, losing 0.39 percent to end at 591.7 points. The all-embracing EGX100 index also fell 0.29 percent, ending at 1,369 points.

Market capitalization added around 900 million EGP ($49.7 million) totaling 670.4 billion EGP. The market turnover amounted to 1.2 billion EGP and foreign traders were the sole net buyers.