Arab buying pushes up Egyptian Exchange early Thursday

The Egyptian Exchange (EGX) opened Thursday’s trading session in green territory on the back of Arab buying.

By 10:30 am Cairo time, the benchmark EGX30 index added 65.06 points, or 0.39 percent, to 16,727.61 points.

The heavyweight Central Bank of Egypt (CIB) jumped 1.23 percent to 85.49 pounds.

The EGX70 index levelled up 0.4 percent to 863.3 points, while the EGX100 index edged up 0.11 percent to 2,191 points.

The equal-weighted EGX50 index edged up 0.18 percent to 2,914 points.

Trading volume amounted to around 15.6 million shares exchanged a turnover of 88.9 million pounds through 3,070 transactions.

Arab investors were net buyers with 1.6 million pounds, while Egyptian and foreign investors were net sellers with 1.5 million pounds and 55,800 pounds, respectively.