The Egyptian stock exchange rebounded backed by buying activities that occurred in Monday’s session.
The benchmark index EGX30 rose a sight 0.13 percent to record 8,534.89 points on a total turnover of LE649 million, stock market data showed. The broad index EGX70 jumped 1.32 percent to 575.95 points.
Moody's changes earlier on Monday Egypt's outlook to stable from negative, on political stability, improved growth but kept the rating at Caa1 saying government finances are still too weak.
Egyptian retail investors closed as net buyers recording LE31.54 million while Arab and foreign retail investors were net sellers.
On the other hand, local and Arab institutions were net sellers at LE26.79 million and LE14.34 million respectively as opposed to foreign institutions that are net buyers at LE13.37 million.
The market capitalization gained LE1.1 billion to close at LE485,7 billion compared to LE484.6 billion
