EGX rallies on foreign buying, benchmark up 0.5%

CAIRO – 16 May 2017: The Egyptian Exchange (EGX) indexes shut on a collective rise Tuesday, boosted by foreign purchases.

The benchmark EGX30 index inched up 0.55 percent, registering 12,936 points at close.
The small and mid-cap enterprises index (EGX70) also went up 0.38 percent to end at 593.5 points. Further, the all-embracing EGX100 index added 0.63 percent to end at 1,376 points.

Market capitalization gained around 100 million EGP ($5.52 million) totaling 666.7 billion EGP. The market turnover amounted to 1.5 billion EGP and foreign traders were the sole net buyers.