EGX closes week on mixed note

Cairo - Mubasher: The Egyptian Exchange (EGX) saw a mixed performance during the week that ended on 3 August, amidst purchases from Egyptian and Arab investors, and tendency towards selling from foreign investors.

The benchmark index EGX30 lost 1.44% or 196.1 points this week, its highest weekly decline since mid-June 2017, closing at the level of 13,413.12 points.

EGX70 rose, for the second week in a row, by 1.49%, added 10.46 points and closing at 711.19 points, while the broader index EGX100 increased by 0.70% to 1,606.6 points.

Meanwhile, the benchmark index EGX50 declined by 1.26%, and closed at 2,081.95 points.

Egyptian and Arab investors were net buyers at EGP 30.9 million and EGP 72 million, respectively, while foreign investors were net sellers at EGP 102.9 million.

Traded volumes totalled 1.03 billion shares with a total turnover of EGP 2.4 billion.

Commercial International Bank (CIB), the stock with the heaviest weight in the main index, fell 1.97% to EGP 83.51.

Market capital went down by EGP 877 million, to close EGP 711.70 billion compared to EGP 712.58 billion.

Mubasher Contribution Time: 04-Aug-2017 15:15 (GMT)
Mubasher Last Update Time: 04-Aug-2017 15:15 (GMT)