Egypt’s EGX opens Monday in green

Purchases by Egyptian and Arab traders have pushed up the indices of the Egyptian Exchange (EGX) early Monday.

By 10:20 am Cairo time, the benchmark EGX 30 index edged up 32 points, or 0.23 percent, to 14,001.1 points.

The small- and mid-cap EGX 70 inched up 0.07 percent to 698.82 points, while the broader EGX 100 index added 0.13 percent to 1,754.81 points.

The equal-weighted EGX 50 index leveled up 0.49 percent to 2,238 points.

Trading volume amounted to around 23.5 million shares exchanged at a turnover of 48.2 million pounds through 2,060 transactions.

Foreign investors were net sellers with 435,700 pounds, whereas the Egyptian and Arab investors were net buyers with 197,800 pounds and 237,900 pounds, respectively.

The heavyweight Commercial International Bank (CIB) inched up 0.04 percent to 83.04 pounds.