EGX30 rose slightly on Tuesday, toreach 13675pts

Wednesday 09 January 2019 09:53 AM


By Asmaa El-Sayed

The Egyptian Stock Exchange slightly edged up in Tuesday's trades amid purchases led by Egyptians and Arabs.

EGX30 rose by 0.45 percent to 13402percent, EGX70 by 0.11 percent to 688 percent, the broader EGX100 by 0.13 percent to 1724 percent, EGX50 by 0.77 percent to 2205 percent and EGX20 by 0.95 percent to 13558percent.

Stock transactions amounted to EGP1bn, as Egyptian corporations, Arabs and foreigners bought stocks worth EGP82mln, EGP7.7mln and EGP658,000 respectively, whereas Egyptians, Arab and foreign corporations sold stocks worth EGP28.6mln, EGP203,000 and EGP61.6mln respectively.

Trades ended in the green. Out of 176 stocks, 85 rose, 53 fell and 38 remained unchanged.

"EGX30's expected rally is likely to go beyond 13675pts, should it  reach the resistence level of 13400pts," said Al-Naeem Holding Company, advising investors to pick stocks selectively.