CAIRO: The Egyptian Exchange (EGX) showed a mixed performance at the close of Thursday’s session amid sideways trading as foreign traders are celebrating Christmas.
The benchmark index EGX30 lost a slight 0.30 percent, registering 8,740 points compared to 8,766 points yesterday. In turn, the small and mid-cap EGX70 rose by 0.14 percent, recording 558.6 points compared to 557.8 points in the last session. The broader EGX100 index went up 0.47 percent, registering 1,072 points.
Market capitalization gained around 900 million EGP ($126.27 million), totaling 494 billion EGP compared to 493.1 billion EGP Wednesday.
Helwan Securities chief technical analyst Ahmed Abdel Rahman told The Cairo Post Thursday “the market will likely shut on a limited slide,” citing the absence of foreign investors.