EGX trades sideways, benchmark up 0.2%

CAIRO – 21 May 2017: The Egyptian Exchange (EGX) indexes shut on a positive note Sunday, but for a minor decline by the small and mid-cap enterprises index (EGX70) amid sideways and flat trading.

The benchmark EGX30 index rose 0.17 percent, registering 12,975 points at close. CIB, the index heaviest constituent was almost unchanged from Thursday’s close at LE 77 ($4.26) per share.

The EGX70 was almost flat, losing a slight 0.01 percent to end at 591.06 points. Further, the all-embracing EGX100 index was also flat, adding only 0.08 percent to end at 1,381.6 points.

Market capitalization gained around L.E. 2.9 billion ($160.66 million) totaling L.E. 669.8 billion. The market turnover amounted to L.E. 690.9 million and foreign traders were the sole net buyers.