Cairo – Mubasher: The Egyptian Stock Exchange’s (EGX) indexes saw a volatile performance in the week ended 15 June, weighed down by Arab and foreign sales.
The EGX30 fell 1.5% or 204.9 points to reach 13,478.75 points. The index saw trading of 1.73 billion shares, with a turnover of EGP 3.89 billion.
The main index saw a downward correction this week, affected by selling pressures seen at the level of 13,692 points, according to Sameh Gharib, head of technical research at Roots Securities Brokerage.
The EGX30 will see resistance at 13,700 and 14,000 points respectively and support at 13,250 points if it manages to hold above 13,460 points, he added.
The EGX70 managed to rise 1.61% or 10 points to close this week at 619 points, Gharib noted.
The EGX100 gained 1.67% to reach 1,459.68 points.
Egyptian investors’ sales reached EGP 545.27 million, while Arab and foreign traders tended to make sales worth EGP 58.2 million and EGP 487.1 million, respectively.
The market capitalisation rose by EGP 382 million to reach EGP 686.721 billion.
