Cairo - Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session in the green zone, despite the recent terrorist bombings that blasted Cairo, including an attack on the Coptic Cathedral that left around 25 dead and tens wounded.
The benchmark index EGX30 added 1.29% or 146.1 points and closed at the level of 11,444.06 points.
EGX was mildly affected at the beginning of trade by the pressure of individuals selling activity, and then bounced back an offset the early loses as the market cap increased by nearly EGP 6.2 billion, the managing director of Watheeqa Securities Brokerage, Ahmed Abdulhamid told Mubasher.
Abdulhamid expects the Egyptian market to continue the positive performance in tomorrow’s session, as the main index targets the level of 11.600 points, and then the resistance level of 12,000 points.
On the other hand, EGX70 lost 0.12% and reached 448.8 points, while the broader index EGX100 increased by 0.43% to 1,065.1 points.
Similarly, the equal-weighted index EGX50 grew by 1.26% to the level of 1,842.16 points.
The Egyptian bourse’s market capital increased by EGP 6.16 billion and closed at EGP 569.8 billion.
Traded volumes totalled around 400 million shares with a turnover of nearly EGP 1.5 billion.
Ezz Steel registered the highest traded value with EGP 136.7 million and jumped 8.2%, reaching its highest level in 52 weeks at EGP 12.65.
Meanwhile, Commercial International Bank (CIB) slipped 0.13% and closed at EGP 68, while Talaat Moustafa gained 2.59% to EGP 8.7.
Egyptian investors were net sellers at EGP 49.9 million, while Arab and foreign investors leaned towards buying and netted EGP 49.2 million and EGP 697,000 respectively.
