Egypt’s benchmark stock index advanced on Sunday, lifted by broad-based gains and increased foreign buying, according to data from the Egyptian Exchange.
The EGX30 index, which tracks the market’s largest and most liquid companies, gained 0.63 per cent to 41,762.43 points. The EGX33 Shariah index surged 1.17 per cent to 4,358.85 points, while the EGX35-LV climbed 1.60 per cent to 4,589.17 points.
Smaller-cap stocks also rallied. The EGX70 index for small and medium-sized enterprises jumped 2.65 per cent to 12,794.97 points, and the broader EGX100 index added 2.05 per cent to 16,925.09 points.
Total market capitalisation reached 2.935 trillion Egyptian pounds.
Arab investors and non-Arab foreigners were net buyers, with net purchases of 3.524 million pounds and 72.886 million pounds respectively. Egyptian investors were net sellers, offloading 76.410 million pounds.
Attribution: Amwal Al Ghad English
