EGX ends in green amid sideways trading, benchmark up 0.5%
Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) shut on a limited rise on Wednesday, amid sideways trading and thin liquidity, reflecting investors’ anticipation of further dips in global market on fears of a China-led economic slowdown.

The benchmark index EGX3, which jumped 2.8 percent on Tuesday, added a slight 0.53 percent to end at 6,873 points, up from 6,837 points in the previous session.

Market capitalization gained around 100 million EGP ($12.76 million,) totaling 424.9 billion EGP, up from 424.8 billion EGP on Tuesday.

CIB, the market bellwether, rallied 1.27 percent to close at 47.94 EGP per share, up from 47.34 EGP per share. The stock jumped 3.9 percent on Tuesday following receiving Egypt’s central bank approval to acquire Citibank Egypt’s retail portfolio and cards businesses.

Similarly, the small and mid-cap index EGX70 edged up 0.34 percent to end at 373.7 points, compared to 372.42 points in the last session.

The broader index EGX100 also rose 0.12 percent to close at 803.2 points, after 802.23 points on Tuesday.

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