Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices finished the week ended 29 November in the green amid foreign buying and local and Arab selling.
The benchmark EGX30 index levelled up 3.37% or 476.05 points to 14,582.22 points, touching the highest level since September 2017, and up from 14,106.17 points in the week ended 23 November.
The EGX30 index’s trading volume amounted to 956 million shares, generating EGP 4.07 billion.
On a weekly basis, the market capitalisation gained EGP 18.6 billion to EGP 789.6 billion, compared to EGP 771.03 billion the week before ended 23 November.
The Commercial International Bank’s (CIB) stock rose 2.35% to EGP 75.34, after 6.6 million exchanged with a turnover of EGP 490.8 million.
The EGX70 index jumped 2.96% or 22.84 points to 785.43 points, while the EGX100 index levelled up 3.7% or 66.05 points to 1,852.16 points.
The equal-weighted EGX50 index went up 2.36% to 2,523 points with a turnover of EGP 4.77 billion.
Over the week, foreign investors were net buyers with EGP 654.8 billion, while Arab and local investors were net sellers with EGP 602.7 million and EGP 52.1 million, respectively.
Local investors accounted for 69.6% of the total transactions, while foreign and Arab investors made up 22% and 8.4%, respectively.
On Tuesday, the Central Bank of Egypt (CBE) removed caps on foreign-currency deposits and withdrawals for importers of non-essential goods.
