Cairo – Mubasher: The Egyptian Exchange (EGX) recovered some of its losses at the end of Wednesday’s trading session on the back of local and foreign purchases after the announcement of the creation of a new fund to support bourse liquidity.
The main EGX30 index rose by 2.2% to close at 10,702 points, while the small- and mid-cap EGX70 EWI increased by 1.81% to 1,855 points.
Likewise, the EGX100 EWI climbed by 2.02% to 2,795 points, whereas the EGX50 EWI advanced by 1.94% to 1,960 points.
The market cap value grew by EGP 12.1 billion to register EGP 645.75 billion on Wednesday, compared to EGP 633.65 billion on Tuesday.
The market’s turnover amounted to EGP 1.11 billion after 531.19 million shares were exchanged through about 39,300 transactions.
Local and foreign investors were net buyers with EGP 3.05 million and EGP 7.2 million, respectively, while Arab investors were net sellers with EGP 10.26 million.
