Egypt’s stock market sees upward trend early Monday

The Egyptian Exchange (EGX) has seen an upward trend early Monday on the back of local buying. By 10:24 am Cairo time, the benchmark EGX30 index edged up 14.34 points to 16,689.05 points.

The small- and mid-cap index EGX70 dipped 0.03 percent to 844.53 points, while the broader EGX100 index remained stable at 2,154 points.

The equal-weighted EGX50 index levelled up 0.12 percent to 2,848 points.

Trading volume amounted to around 9.14 million shares exchanged at a turnover of 27.5 million pounds through 1,050 transactions.

Egyptian investors were net buyers with 5.14 million pounds, while foreign and Arab investors were net sellers with 4.7 million pounds and 432,140 pounds, respectively.

The heavyweight Commercial International Bank (CIB) went up 0.13 percent to 86.55 pounds at a turnover of 1.3 million pounds.