The Egyptian Exchange (EGX) closed Sunday session with an increase of 2.43% to reach 10,339.6 points.
The EGX50 EWI also rose by 2.15% to reach 1,915 points, led by the CIB, which jumped more than 5% during the session.
Mohamed Abdel Hakim, director of research at Faisal Brokerage, said that there are great purchasing forces in the stock market. Many stocks benefited from the recent push, especially the CIB which rose to EGP 40.77 per share, in addition to the liquidity of some other leading shares.
Moreover, the EGX70 EWI recorded an increase of 1.68%, stable at 2,195.5 points, the EGX30 capped rose by 2.02% to record 12,726.3 points, and the EGX100 increased by 1.9% to reach 3,152.7 points.
Abdel Hakim expected the upward trend to continue during the upcoming sessions of the week, as the benchmark index targets 10,800 points.
The market recorded trading values of EGP 1.2bn through the circulation of 607 million shares, by carrying out 54,500 transactions, after which, the shares of 111 listed companies rose, and the prices of 27 stocks declined, while the prices of 55 shares did not change.
Foreigners were net sellers, recording EGP 31.9m, with a rate of 2.9% of transactions on shares, while Egyptians and Arabs were net buyers recording EGP 26.4m and EGP 5.4m, respectively, with acquisition rates of 89.77%, and 7. 33%, respectively.
Individuals carried out 83.73% of the transactions, heading towards buying, with the exception of Arab individuals, who recorded a net purchase of EGP 22.2m. Arab and foreign institutions were net sellers at EGP 16.7m and EGP 28 m, respectively.
