EGX moves up for 3rd days in row supported by local purchases

The Egyptian Exchange (EGX) continued on Tuesday its positive performance for the third session in a row, with the benchmark EGX30 index increasing 1.09 percent to settle at 10,338 points.

This was supported by local institutions’ and investment funds’ purchases, with Arab and foreign investors tending towards selling.

Meanwhile, the market capitalisation gained about 5.9 billion Egyptian pounds The total trading value on the EGX reached  818.13 million pounds, executed through 30,580 transactions on 271.9m shares.

Meanwhile, EGX70 EWI increased by 1.88 percent to 1,192 points and EGX100 EWI increased by 1.76 percent to 1,918 points.  The EGX50 rose 1.76 percent  to 1,547 points, and EGX30 Capped increased by 1.2 percent reaching 11,959 points.

At the end of trading, green dominated most of the shares traded, as 110 stocks increased out of a total of 167 traded, while 30 fell, and 27 remained unchanged.