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 0.90 per cent to close at 46,462.32 points. The EGX33 Shariah index gained 0.45 per cent to 4,904.03 points, while the EGX35-LV was 1.43 per cent higher to 4,843 points.
Performance was also positive among smaller-cap stocks. The EGX70, which tracks small and medium-sized enterprises, rose 0.52 per cent to 12,784.36 points, while the broader EGX100 added 0.55 per cent to 17,317.95 points.
Total market capitalisation recorded 3.153 trillion Egyptian pounds.
Egyptian investors were net sellers, offloading 3.528 billion pounds.
Arab investors and non-Arab foreigners, by contrast, were net buyers, with transactions totalling 625.693 million pounds and 2.903 billion pounds, respectively.
Attribution: Amwal Al Ghad English