Egypt stocks continued to rally on Wednesday as non-Arab foreign investors lifted blue chips.

 

The benchmark index EGX30 rose 0.61 percent to close at 7,543 points.

 

Egyptian and Arab investors were net-sellers, while non-Arab foreign investors were net-buyers to the tune of EGP 46.7 million, bourse data showed.

 

Market bellwether Commercial International Bank (CIB) rose 0.64 percent to EGP 42.75, while second largest listed stock Global Telecom holding gained 0.65 percent to close at EGP 3.2.

 

State-owned Telecom Egypt was up 1.96 percent to EGP 8.34 at market close.

 

Confectionary maker Edita Food Industries S.A.E. climbed 4.29 percent to EGP 36.99, while Juhayna Food Industries slumped 3.63 percent to EGP 6.91.

 

In the real estate sector, property developer TMG Holding rose 1 percent to EGP 6.07. Emaar Misr for Development inched up 0.83 percent to close at EGP 2.42.

 

Palm Hills Development Company also edged up 0.40 percent to EGP 2.52, and Six of October Development and Investment (SODIC) rose 1.64 percent to EGP 11.13.