Cairo – Mubasher: The EGX30 index, the benchmark index of the Egyptian bourse, gained 0.57% or 69.96 points to reach 12,310.5 points by the week ended 2 March.
The market cap increased by EGP 2.8 billion to stand at EGP 603.1 billion this week from EGP 600.3 billion in the previous week.
Turnover amounted to EGP 4.1 billion, with trading volume reaching 937.2 million shares.
EGX30 index is at a 12,300-point level of resistance, of which breaking will lead the main index to 12,700 points, capital market analyst Sameh Gharib said, noting that the current support level is at 12,000 points.
The EGX70 index dropped 1.38% to end the week at 477.01 points, while the EGX100 index lost 0.98% to reach 1,151.87 points.
The analyst noted that EGX70 is expected to have resistance at 483 points and 490 points, respectively, in the coming week.
The EGX50 index dropped 2.68% during this week to close at 1,875.57 points.
Foreign investors performed selling transactions during the past week, with a net value of EGP 222.6 million, while the Egyptian and Arab traders were focusing on purchasing with a total value of EGP 177.9 million and EGP 44.7 million, respectively.
At the stock level, CIB Egypt gained 0.56% to end the week at EGP 74.1, with an overall value of EGP 470 million.
