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Egypt bourse inches up on blue chip gains

Ahram Online , Sunday 8 May 2016
EGX
Staff at the Egyptian stock exchange in Cairo (Photo: AP)
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Egypt's stocks inched up on Sunday with blue chips lifting the market as foreigners and institutions were buyers. 

The benchmark EGX30 gained 0.32 percent during the session to close at 7,572 points.

Market bellwether Commercial International Bank (Egypt), which accounts for a quarter of the index weight, was up 0.32 percent to EGP 43.89 at market close.

Edita Food Industries SAE jumped 5.33 percent to EGP 38.95.

Property developer TMG Holding saw its share price gain 0.32 percent to reach EGP 6.31 a share.

Non-Arab foreign investors were the net-buyers to the tune of EGP 13.2 million along local and foreign institutions, while Egyptian and Arab investors were net-sellers, bourse data showed.

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