EGX posts strong rebound backed by Arab, foreign purchases, benchmark up 1.6%
Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) rebounded after a three-day slip at the close of Wednesday’s session, pushed by Arab and foreign buying spree.

Egypt’s stock market shut on Tuesday on the occasion of the 42nd anniversary of the 6 October War, also known as Yom Kippur War.

The benchmark index EGX30 inched up 1.59 percent to end at 7,354 points, compared to 7,239 points Monday.

Similarly, the small and mid-cap index EGX70 edged up 1.76 percent to end at 391.6 points, compared to 384.8 points in its last session.

The broader index EGX100 also rose 1.13 percent to close at 842.2 points, after 832.8 points on Monday.

Market capitalization added around 4.1 billion EGP ($523.3 million,) totaling 447.2 billion EGP, compared to 443.1 billion EGP in the previous session.

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