Egyptian Exchange opens Monday in green

The Egyptian Exchange (EGX) has seen an upward trend early Monday on the back of local buying.

By 10:20 am Cairo time, the benchmark EGX30 index edged up 35.21 points, or 0.2 percent, to 16,816.05 points.

The small- and mid-cap index EGX70 added 0.42 percent to 857.11 points, while the broader EGX100 index went up 0.41 percent to 2,192 points.

The equal-weighted EGX50 index levelled up 0.32 percent to 2,906 points.

Trading volume amounted to around 16.5 million shares exchanged at a turnover of 42.5 million pounds through 1,400 transactions.

Egyptian investors were net buyers with 4.8 million pounds, while foreign and Arab investors were net sellers with 4.5 million pounds, and 282,300 pounds, respectively.

It has not been traded on the heavyweight Commercial International Bank (CIB) yet.