Cairo – Mubasher: The Egyptian Exchange’s (EGX) benchmark index, EGX30, edged up 0.06% or 4.95 points to reach 8,136.44 points closing the week ended 1 September.
EGX70 dropped 1.74% or 6.31 points over the week to reach 356.62 points.
Similarly, EGX100 lost 0.61% to reach 806.08 points, and EGX50 retreated 0.65% or 9.02 points to 1,373.82 points.
Market cap decreased by EGP 97.4 million over the week to reach EGP 412.16 billion as compared to EGP 412.25 billion a week ago.
Egyptian investors acquired 76.6% of the overall transactions at EGX this week, while both foreign and Arab investors acquired 17.6% and 5.8% respectively.
EGX30 index has approach the current most important support level of 7,900 points which will lead to a negative performance if it is broken below this level, while holding to this level will lead to a sideways movement, financial analyst Sameh Gharib said.
The analyst expected the mixed performance to continue in the coming week, with resistance at 8,300 and 8,500 points respectively.
Meanwhile, the EGX70 index has turned negative towards 345 points, while holding to 355 points will lead to a support level between 355 and 369 points, the analyst noted.
Translated by: Ingy ElSafy
