EGX rebounds on Arab retailers’ purchases, benchmark up 0.8%
Egyptian Exchange - AFP/Marco Longari

CAIRO: The Egyptian Exchange (EGX) ended on a positive note Thursday, rebounding from a sex-day slump, boosted by a strong buying spree among Arab retailers.

The benchmark index EGX30 rose 0.88 percent to end Thursday at 7,617 points, up from 7,551points a day earlier.

Further, the small and mid-cap index EGX70 picked up 0.73 percent to end at 415.55 points, compared to 412.55 points in its last session. The broader index EGX100 was almost flat, adding a slight 0.08 to close at 874.3 points.

Market capitalization lost around 900 million EGP ($114.9 million,) totaling 472 billion EGP, down from 472.9 billion EGP on Wednesday.

Egypt’s market rode a sharp downward wave amid growing concerns over wide-scale militant attacks in Egypt’s restive North Sinai shortly after the assassination of Attorney General Hisham Barakat in a car bombing last week.

Recommend to friends

Leave a comment