Cairo - Mubasher: The Egyptian Exchange (EGX) opened Monday's trading session on a positive note, backed by Arab investors' buying.
By 10:24 Cairo time, The benchmark EGX30 index gained 0.12% or 15.98 points to the level of 12,982.23 points.
The EGX70 index inched up 0.7% to 704.02 points, while the EGX100 index ascended 0.49% to 1,575.42 points.
The Equally-weighted EGX50 index added 0.43% to 2,008 points.
Trading volume reached 12.9 million shares exchanged at a turnover of EGP 44.22 million through 1,400 transactions.
Arab investors were net buyers by EGP 2.7 million, while Egyptian and foreign investors were net sellers by EGP 565,000 and EGP 2.3 million, respectively.
Blue chips including Emaar Misr, Global Telecom, and Orascom leveled up 4.12%, 2.58%, and 1.56%, respectively.
On the other hand, Extracted Oils, Ezz Steel, and Alexandria Mineral Oils Company (AMOC) shed 0.97%, 0.37%, and 0.19%, respectively.
Commercial International Bank - Egypt (CIB) edged up 0.10% to EGP 81.
The EGX is expected to retest the level of 12,950 points and 13,000 points during Monday's trading session, as settling above 13,000 is likely to boost it towards new levels, analysts told Mubasher.
