EGX down for the week on local selling

Cairo - Mubasher: The Egyptian Exchange (EGX) ended the fourth week in October on a negative note, as selling pressures from local investors led to a group decline by the major indices.

The benchmark EGX30 fell 4.5% or 620.43 points, to 13,023.73 points.

The market capital decreased by EGP 30 billion to end the week at EGP 736.9 billion ($41.2 billion).

Meanwhile, the small and medium-sized enterprise index EGX70 went down by 3.3% to 668.08 points, and the broader index EGX100 recorded losses of 3.58% as it closed at 1,677.7 points.

The equal-weighted index EGX50 settled 4.4% down for the week, as it ended trade at the level of 2,033.16 points.

Traded volumes reached 185 million shares with a total turnover of EGP 735.4 million through around 22,300 transactions.

Mubasher Contribution Time: 25-Oct-2018 14:52 (GMT)
Mubasher Last Update Time: 25-Oct-2018 15:23 (GMT)