Egypt’s EGX opens Wednesday in green

The Egyptian Exchange (EGX) opened Wednesday’s trading session up on the back of foreign and local buying.

By 10:27 am Cairo time, the benchmark EGX 30 index edged up 125.31 points, or 0.93 percent, to 13,561.42 points.

The small and mid-cap EGX 70 index went up 0.15 percent to 704.31 points, and the broader EGX 100 index added 0.25 percent to 1,759.67 points.

The equal-weighted EGX 50 index leveled up 0.9 percent to 2,186 points.

Trading volume on stocks amounted to around 30.3 million shares exchanged at a turnover of 127.7 million pounds through 2,600 transactions.

Arab investors were net sellers with 1.06 million pounds, while Egyptian and foreign investors were net sellers with 606,400 pounds and 454,060 pounds, respectively.

The heavyweight Commercial International Bank (CIB) gained 0.24 percent to 80.65 pounds, with a turnover of 75,500 pounds.