Egypt’s stock exchange opens Thursday on mixed note

The Egyptian Exchange (EGX) opened Thursday’s trading session on a mixed note, amid buying from Arab and Foreign investors, and selling from Egyptian investors.

By 10:10 am Cairo time, the main index EGX30 levelled down 0.03 percent, or 4.68 points, to 14,647.23 points.

The Commercial International Bank’s (CIB) stock inched down 0.22 percent to 73.8 Egyptian pounds, with a turnover of 1.07 million pounds.

The small and medium-sized enterprises index EGX70 edged up 0.82 percent to 798.46 points, while the index EGX100 rose 0.51 percent to 1,881.81 points.

The equal-weighted index EGX50 grew 0.03 percent to 2,575 points.

The bourse’s trading volume reached 3.8 million shares, through 702 transactions, generating 22.3 million pounds.

Egyptian investors were net sellers with 923,700, while Foreign and Arab investors were net buyers with 628,400 pounds, and 295,200 pounds, respectively.

Ezz Steel, Abu Dhabi Islamic Bank- Egypt (ADIB), and Egyptian Iron and Steel Company (HADISOLB) stocks’ decreased 1.98 percent, 1.69 percent, and 1.17 percent, respectively.

On the other hand, Arabian Food Industries Co’s (Domty) gained 2.83 percent, followed by Egyptian Financial Group Hermes Holding’s (EFG Hermes) with 1.66 percent, and Oriental Weavers Carpet’s stock with 1.24 percent.

Source: Mubasher