Cairo – Mubasher: The Egyptian Exchange (EGX) closed on positive note on Wednesday, amid buying activity by Arab and foreign investors.
The benchmark index EGX30 went up 0.91% to close at 8,524.66 points on decisions made by the Supreme Investment Council.
The equal weighted index EGX50 added 1.11% to close at 1,348.81 points, while the small and medium caps index EGX70 slide 0.75% to close at 334.42 points.
Earlier, the Supreme Investment Council announced extending the freezing of the capital gains tax law.
The market witnessed 367.66 million shares changed hands worth EGP 913.65 million.
The market capitalization gained EGP 2.3 billion reaching EGP 417.2 billion.
Out of 168 stocks traded today, advancers outnumbered decliners by 80 to 49, while 39 stocks remained unchanged.
Arab and foreign investors ended as net buyers with EGP 12.96 million and EGP 45 million respectively, while local investors ended as net sellers with EGP 58.4 million.
Today’s top gainers were; Pioneers Holding, up 9.9%, Orascom Telecom Media and Technology, up 3.6%, and heavyweight, Global Telecom, up 2.5%.
On the downside, today’s worst performers were; Porto Group, 4.2% down, Eastern Co, 3.9% down, and Orascom Construction, 3.1% down.
