Traders work at Egypt's Stock Exchange in Cairo (Photo: Reuters)
Egypt’s benchmark EGX30 index continued its upward trend on Wednesday, climbing 1.15 percent to reach 7,637 points at market close, as foreign institutions were the main net-buyers.
Market bellwether Commercial International Bank (Egypt) saw its share price rise 1.29 percent to EGP 44.77.
Second largest listed stock Global Telecom Holding gained 2.83 percent to close at 2.91 percent.
Majority state-owned Telecom Egypt rose 1.51 percent to EGP 8.09.
Egyptian institutions were net-sellers for EGP 305 million, while non-Arab foreign institutions were the main net-buyers for EGP 293 million, followed by their Arab counterparts.
Property developer TMG Holding was up 1.15 percent to EGP 6.16 at market close, while Emaar Misr for Development climbed 1.67 percent to EGP 2.44.
Edita Food Industries fell 2.69 percent to EGP 35.03. Six of October Development and Investment (SODIC) jumped 4.83 percent to EGP10.86, while Palm Hills Development Company rose 2.41 percent to EGP 2.55.
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