Foreign buying pushes EGX toward 3rd historic record

CAIRO – 8June 2017: The Egyptian Exchange (EGX) indexes extended its rally Thursday, boosted by foreign purchase.

The benchmark index EGX30 continued its upward move, ending at 13,684 points and 0.37 percent up from the previous session. The index recorded a new all-time high for a third straight day.

The EGX70 rose 0.54 percent to reach 610 points at close. Further, the all-embracing EGX100 index also inched up 0.64 percent to hit 1,436 points.

Market capitalization gained around LE 1.9 billion ($105 million) totaling LE 686.3 billion. The market turnover amounted to LE 1.04 billion and foreign traders were the sole net buyers.