EGX ends in green powered by foreign purchases
Egyption Stock Exchange - YOUM7(Archive)

CAIRO: The Egyptian Exchange (EGX) ended on a positive note after off-setting morning losses, pushed by purchases from foreign retailers and institutions.

The benchmark index EGX30 ended with a 0.34percent rise, registering 9,561 points, compared to 9,529 Monday. The small and mid-cap index EGX70 was almost flat, ending 0.03 percent up at 549.5 points, up from 549 points in its last session. The broader index EGX100 added 0.2 percent up, recording 1,110 points.

Meanwhile, market capitalization dropped to 524.9 billion EGP, compared to 523.2 billion EGP Monday.

“The benchmark index EGX30 managed to end in the green, but it is still showing weak performance which appears clearly near resistance levels,” said Adham Gamal Eldin, head of the technical analysis desk at Cairo Capital Securities.

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