Stock exchange in the green despite portfolio liquidations ahead of Eid
The Egyptian Stock Exchange ended Tuesday’s trading session with its main index closing in the green zone, despite the fact that many investors liquidated their portfolios ahead of the holiday of Eid al-Fitr.
The profit of the market capitalization of the listed stocks reached about LE200 million, compared to LE366.5 billion pounds.
The EGX30 index, which tracks the performance of the most active 30 companies, rose by 0.19% up to 5626 points, while the EGX70, measuring the shares of small and medium companies, fell by 0.02% to 437 points. The EGX100, for larger and more stable companies, rose by 0.18% to reach 750 points, according to Egyptian Exchange.
Arab and foreign investors leaned towards selling, with transactions valued at LE46.8 million and LE97.5 million respectively, while the transactions of local investors at the value of LE282.5 million.
The exchange will be closed for Eid from Thursday 8 August and resume work on the following Monday.
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