Cairo – Mubasher: The indexes of Egyptian Stock Exchange (EGX) saw a positive performance this week.
The market capitalisation gained EGP 2.4 billion to reach EGP 411.05 billion this week, compared to EGP 408.66 last week.
The benchmark EGX30 rose 0.80% or 66.1 points to reach 8,343.3 points this week, compared to 8,277.21 points last week.
The EGX30 saw mixed performance during the week, but it managed to break above the first resistance level at 8,310 points, in a positive sign to target the next resistance level of 8,500 points in the next week, according to Sameh Gharib, head of technical research, Roots Stock Brokerage House.
The EGX70 increased 1.16% or 3.88 points to reach 339.32 points, while the broader index EGX100 reached 799.72 points this week, up 1.03% from 791.58 points last week.
Gharib added that on contrary the EGX70's performance was better than the EGX30, which surpassed the level of 333 points and strong selling wave halted the backward performance of the index to maintain its rise.
The technical analyst expected that the EGX70 would maintain its rise towards the resistance level of 344 points.
The equal-weighted index EGX50 added 2.59% or 32.96 points to 1,304.18 points this week.
Egyptian investors acquired 85.7% of the trading this week, while foreign and Arab traders obtained 9.3% and 5%, respectively.
Egyptian and Arab traders tended to purchase with EGP 124.4 million and EGP 152.7 million, respectively, while foreign investors tended to sell with EGP 277.1 million.
Institutions acquired 76% of the bourse's trades during the week, while the individual got 24% of them.
