BY: Ahmad Abu el-Hamd
The Egyptian Exchange (EGX) opened Monday’s trading on a positive note, backed by purchases by foreign and Arab traders.
The benchmark MSM30 index levelled up 0.09% or 11.86 points to the level of 12,985.15 points, the EGX70 index advanced 2.78% to 517.49 points and the EGX100 index grew 1.82% to 1,247.54 points.
The equal-weighted EGX50 index also rose 0.53% to 1,967.12 points.
Trading volume reached 52.3 million shares exchanged at EGP 302.7 million through 7,200 transactions.
During this time, 52 stocks rose, 35 declined and 33 others were flat.
The index was backed by the rise in 12 blue chips topped by Alexandria Mineral Oils (=12.75%), Elsewedy Electric (+2.30%) and Global Telecom (+1.63%).
On the other hand, 14 major stocks declined topped by Egyptian Iron and Steel (-2.61%), Egyptian Resorts (-1.80%) and Pioneers Holding (-1.76%).
Foreign and Arab investors were net buyers by EGP 4.6 million and EGP 3.5 million respectively, while local traders were net sellers by EGP 8.23 million.
