EGX rebounds over local institutions’ purchases, benchmark hikes 1.2%
Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) rebounced at the close of Tuesday’s session, powered by local institutions’ buying spree, while retailers and foreign institutions tended to sell.

The benchmark index EGX30 inched up 1.17 percent to end at 8,847 points, up from 8,745 points on Monday.

Meanwhile, the small and mid-cap index EGX70 added 0.5 percent to end at 468.4 points, compared to 466 points in its last session. The broader index EGX100 also rose 0.54 percent, registering 985.7 points.

Market capitalization gained around 3.5 billion EGP ($458.6 million,) totaling 499 billion EGP, up from 495.5 billion EGP Monday.

On Monday, Egypt’s market shut on a collective slip, and its benchmark index lost 0.43 percent.

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