Cairo – Mubasher: The Egyptian Exchange (EGX) saw a bullish wave early Sunday on the back of foreign buying.
By 10:25 am Cairo time, the benchmark EGX30 index gained 0.35% or 48.04 points to the level of 14,003.59 points.
The Commercial International Bank – Egypt (CIB) added 0.54% to EGP 76.75.
The EGX70 index inched up 0.7% to 779.15 points, while the EGX100 index grew 0.54% to 1,749.12 points.
Likewise, the equal-weighted EGX50 index rose 0.58% to 2,489.51 points.
Trading volume reached 30.9 million shares exchanged at a turnover of EGP 109 million through 2,900 transactions.
Foreign investors were net buyers with EGP 3.7 million, while Egyptian and Arab investors were net sellers with EGP 1.5 million and EGP 2.16 million, respectively.
The EGX is forecasted to see a positive performance during the current week, bolstered by blue chips, analysts told Mubasher.
