EGX extends winning streak on Arab, foreign purchases, benchmark up 2%
The Egyptian Exchange (EGX) - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) rallied for a second straight day at the close of Wednesday’s session, amid an investor buying spree among foreign and Arab institutions and retailers.

The benchmark index EGX30 jumped 1.97 percent to end at 8,106 points, compared to 7,950 points on Tuesday.

Market capitalization gained around billion EGP ($791.36 million,) totaling 494.2 billion EGP, up from 488 billion EGP on Tuesday.

The market bellwether, CIB, inched up 1.61 percent to close at 56.25 EGP per share, compared to 55.37 EGP per share on Tuesday.

Further, the small and mid-cap index EGX70 hiked 1.58 percent to end at 454.25 points, up from 447.17 points in its last session.

The broader index EGX100 also added 1.57 percent, to close at 929 points.

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