EGX ends week on mixed note; market cap gains EGP 2.1bn

Cairo – Mubasher: The Egyptian Exchange (EGX) saw a mixed performance during the week ended Thursday, 26 October.

On weekly basis, the benchmark EGX30 index rose 1.76% or 241.85 to its highest level in two months, closing at 13,955.47 points.

About 1.5 billion shares were traded on the EGX30 index at a turnover of EGP 4 billion.

Market capitalisation closed the week at EGP 769.9 billion, gaining EGP 2.1 billion from EGP 767.7 billion in the week before.

The heavyweight Commercial International Bank – Egypt (CIB) inched up 0.16% in a week at EGP 76.34 at a turnover of EGP 320.11 million exchanged through 4.1 million shares.

The EGX70 index fell 1.16% to 773.76 points, while the EGX100 index slipped 0.27% to 1,739.66 points.

Meanwhile, the equal-weighted EGX50 index added 1.04% this week at 2,475.22 points with a turnover of EGP 4.6 billion.

Arab investors were net buyers with EGP 282.8 million, while foreign and Egyptian investors were net sellers with EGP 99.8 million and EGP 183 million, respectively.

Egyptian investors dominated 77.4% of market transactions, while foreign and Arab investors made up 12.3% and 10.3% of the market’s trading, respectively.

Individuals were net sellers with EGP 433.9 million, dominating 70.3% of market transactions this week, while institutions were net buyers at the same value.

Mubasher Contribution Time: 27-Oct-2017 07:42 (GMT)
Mubasher Last Update Time: 29-Oct-2017 06:24 (GMT)