EGX closes in green on Arab, foreign purchases

CAIRO – 9 November 2017: The Egyptian Exchange (EGX) closed positively Thursday, after a downward trend in the first three days of the week, affected by Saudi Arabia’s anti-corruption probe.

Benchmark index EGX30 increased 1.02 percent to stand at 14,350 points. The small and mid-cap index EGX70 went up 1.09 percent to end at 785.6 points and the broader index EGX100 also leveled up 0.99 percent to close at 1,773.55 points.

Market capitalization jumped LE 7.2 billion to record LE 788.516 billion compared to LE 781.239 billion in the last session on Wednesday.

Egyptian individuals and institutions were net sellers at LE 5.4 million and LE 396.5 million respectively. However, Arab and foreign investors and organizations purchases sold at LE 62.1 million, LE 9.3 million, LE 201.5 million and LE 129.3 million, respectively.

Shares of 89 companies recorded increases, while 74 others saw declines. Meanwhile, shares of 26 firms remained unchanged.