Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices rose collectively during the week ended 30 August 2017, which saw four trading sessions, backed by foreign and Arab buying.
By the end of this week, the benchmark EGX30 index ascended 3.79% or 489.37 points to the level of 13,415.77 points, which is its highest weekly growth rate in six months and a half, or since 10 March.
Traded volume on the EGX30 stood at 759.8 million shares, with a turnover of EGP 1.98 billion.
Commercial International Bank – Egypt (CIB) added 3.43% to EGP 84.12 in a week, with a turnover of EGP 214.9 million and a traded volume of 2.58 million shares.
Market capitalisation gained EGP 16 billion on a weekly basis and closed at EGP 705.012 billion, compared to EGP 689.008 billion at last week’s closing.
The EGX70 index inched up marginally by 0.20% to 692.55 points, while the EGX100 index grew 0.63% to 1,564.95 points.
The equally-weighted EGX50 index surged 2.64% to 2,045.61 points, with a turnover of EGP 2.3 billion.
Foreign and Arab investors were net buyers with EGP 529.4 million and EGP 178.4 million, respectively, while Egyptian investors were net sellers with EGP 686.7 million.
The EGX will start its Eid Al Adha holiday on Thursday, 31 August 2017, and resume trading on Tuesday, 5 September 2017.
