The Egyptian Stock Exchange (EGX) ended today's trading on a collective gain, amid relatively high trading volumes on stocks, amounting to EGP 4.5 billion.
The main index “EGX30” rose by 1.03% to reach 25,029 points, and the EGX70 rose by 2.03% to close at 5,033.7 points, and the “EGX100” followed their path by about 2.03%, closing at 7,378 points.
About 204 securities were traded, of which 126 rose, 42 declined, and the performance of the rest did not change.
Transactions between Egyptians and foreigners tended to buy at a net value of EGP 34.3 million and EGP 62.3 million, while Arabs preferred to sell at a value of EGP 96.6 million.
EGX30 is heading towards more historical peaks in the near term at 25,340 points, explaining that exceeding them will push the index to reach the 25,800 point area.
The decline below the level of 24,540 points may lead to a further decline towards 23,700 points, advising stock market investors to deal selectively in stocks at the present time.
Meantime, “Commercial International Bank - Egypt” shares ended today’s trading with a rise of 1.2%, settling at EGP 75.45, while “e-Finance” rose by about 2.9%, recording EGP 18.0.
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