Egypt’s main stock index inched up on Sunday, underpinned by broad-based gains, according to provisional data from the Egyptian Exchange (EGX).
The EGX30, which tracks the market’s largest and most actively traded companies, advanced 0.85 per cent to close at 41604.74 points. The EGX33 Shariah index gained 1.32 per cent to 4503.67 points, while the EGX35-LV was 0.66 per cent higher to 4622.43 points.
Performance was also positive among smaller-cap stocks. The EGX70, which tracks small and medium-sized enterprises, rose 0.02 per cent to 13078.34 points, while the broader EGX100 added 0.39 per cent to 17327 points.
Total market capitalisation recorded 2.969 trillion Egyptian pounds.
Egyptian investors were net sellers, with purchases totalling 114.483 million pounds.
Arab investors and non-Arab foreigners, by contrast, were net sellers, offloading 67.701 million pounds and 46.782 million pounds, respectively.
Attribution: Amwal Al Ghad English