Egypt’s stocks rebounded on Thursday to close up the trading that saw non-Arab foreign investors as the only net buyers.

EFG Hermes announced today its successful acquisition of a 49% stake in European wind farms from EDP Renováveis S.A. (EDPR), one of the largest renewable energy companies based in Europe bringing total group assets under management (AUMs) to $3.6bn.

The board of directors of Beltone Financial Holding approved the issuance of global depositary receipts (GDRs) for trading on the London Stock Exchange by converting a maximum of 33% of the company’s capital to GDRs.

Egypt's main index, EGX30, shed 0.31 percent to 7,756 points with daily turnover for listed securities reaching some EGP 483 million.