Cairo – Mubasher: The Egyptian Stock Exchange (EGX) closed the week ended 2 February in the red zone.
The EGX30 index fell 2.18% or 284.98 points to reach 12,806.07 points.
Trading on the stocks listed on the main index reached 1.4 million shares, generating EGP 5.08 billion.
EGX30 managed to trim its losses on Thursday, and the index still continues its correction after rebounding from 13,544 points to its support at 12,600 points, Sameh Gharib, head of technical research at Roots Stock Brokerage House, told Mubasher.
On the flipside, the EGX70 index grew 3.18% or 15.22 points to reach 493.7 points, with a turnover of EGP 665.9 million.
EGX70 broke above its resistance at 482 points, and ended its sideways movement between a support of 458 points and a resistance at 482 points, Gharib added.
EGX100 went up 1.88% to 1,202.88 points, whereas EGX50 declined 2.97% to 1,933.57 points.
The market capitalization reached EGP 622.4 billion this week, compared to EGP 628.5 billion.
Egyptian investors tended to make purchases valued at EGP 416.1 million, while the sales of foreign and Arab traders amounted to EGP 328.9 million and EGP 87.1 million respectively.
