Cairo – Mubasher: The Egyptian Exchange’s (EGX) general indices declined in the first week of July.
The benchmark index EGX30 went down 1.37% to 16,125 points, while EGX70 and EGX100 shed 0.55% to 800.23 points and 1.35% to 2,035 points, respectively.
The equally-weighted index EGX50 also decreased by 0.6% to 2,719 points.
Over the week, market capitalisation lost EGP 12.3 billion, recording EGP 898.5 billion, compared to EGP 910.8 billion a week earlier.
The benchmark has gone down on the back of selling pressure, Sameh Gharib, head of technical research at Roots Stock Brokerage House, told Mubasher.
If the index kept its position above 16,140 points, it will target levels as high as 16,570 points, Gharib added.
