Cairo – Mubasher: The Egyptian Stock Exchange (EGX) indexes saw a positive performance in the week ended 25 May, amid increased sales by foreign and Arab investors.
The EGX30 rose 1.10% or 142.04 points to reach 13,094 points, its highest level since the first week of April.
The main index saw trading of 1.6 billion shares, with a turnover of EGP 4.45 billion.
The EGX100 added 0.35% to 1,385.37 points, generating EGP 5.3 billion from the exchange of 1.79 billion shares.
On the flipside, the EGX70 declined 0.41% to 588.72 points, with a trading volume of 163.8 million shares that generated EGP 859.7 million.
The main index saw a steep decline on last Monday after Egypt's central bank raised its key interest rates by 200 basis points on Sunday, according to Saeed Al-Feki, CEO of Osool ESB Securities Brokerage.
However, the index absorbed the interest rate hike news and started to recover by the end of this week, closing near 13,100 points, Al-Feki added.
The EGX50 went down 0.70% to stand at 2,042.61 points this week, with a turnover of EGP 4.9 billion generated from trading 1.7 billion shares.
Foreign and Arab investors tended to make purchases worth EGP 552.35 million and EGP 164.32 million, respectively this week. On the other hand, Egyptian traders carried out sales worth EGP 716.6 million.
