EGX rallies further on local, foreign purchases
Egyptian Exchange - AFP/Marco Longari

CAIRO: The Egyptian Exchange (EGX) extended its winning streak at the close of Wednesday’s session, the second session after Eid al-Fitr vacation, pushed by buying spree among local and foreign institutions and retailers.

The benchmark index EGX30 added 0.47 percent to end Wednesday at 8,087 points, up from 8,050 points on Tuesday.

Further, the small and mid-cap index EGX70 surged 1.97 percent to end at 445.7 points, compared to 437.15 points in its last session. The broader index EGX100 also hiked 1.1 to close at 918.27 points.

Market capitalization gained around 1.5 billion EGP ($191.55 million,) totaling 488.2 billion EGP, up from 486.7 billion EGP on Tuesday.

The market bellwether, CIB, rose 1.05 percent to close at 55.95 EGP per share, compared to 55.38 EGP per share on Tuesday.

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