Cairo – Mubasher: The Egyptian Exchange opened Sunday on a stronger note as EGX30 broke the barrier of 7,600 points.
The benchmark rose 0.81% to 7,609 points, powered by the uptrend of all blue-chip stocks, excluding CIB – Egypt.
The heaviest weight stock on EGX dropped 1.12% at 10:25am Cairo time after the sale process of CI Capital was interrupted.
The equal-weighted index EGX50 opened higher 1.7% to 1,426 points. Likewise, the small-and- mid-cap increased 0.70% to 369 points. The broader index EGX100 was up 0.60% to 797 points.
At 10:25 am Cairo time, trading value reached EGP129 million with 76 million shares changing hands in 4,000 transactions.
National and foreign investors were net buyers by EGP2.4 million and EGP6.3 million, while Arab investors were net sellers by EGP8.7 million.
The top gainers were led by Nasr Company for Civil Works, Beltone Financial and Global Telecom by 9.98%, 9.31%, and 5.64% respectively.
Meanwhile, the negative front was headed by National Real Estate Bank for Development (-1.81%), Cairo Development and Investment (-1.66%) and Domty (-1.6%).
