Cairo – Mubasher: The benchmark index of the Egyptian Exchange (EGX), EGX30, gained 0.8% or 103.74 points to reach 13,098.54 points by the week ended 6 April.
The market’s turnover amounted to EGP 4.2 billion, after 880.6 million shares were exchanged.
EGX30 index was backed by CIB which levelled up by 3.23% to reach EGP 77.97, with liquidity standing at EGP 435.4 million.
The market cap increased by EGP 9.3 billion to total EGP 664.3 billion this week.
The EGX70 index rose by 3% or 17.09 points to reach 586.78 points.
Selling pressures have impacted EGX30 to fall below the 13,400-point resistance level, capital market analyst Sameh Gharib said.
Gharib noted that the main index is expected to rise to 13,200 points, as long as EGX30 preserves the support level at 12,900 points. Thus, the index may target a new resistance level at 13,550 points, with a support level at 12,737 points.
EGX70 index is foreseen to target resistance level at 610 points, the analyst noted.
The equal-weight EGX50 index rose by 1.48% to reach 2,101.87 points.
The foreign and Arab investors executed purchasing transactions with a total of EGP 939.8 million and EGP 75 million, respectively, while the Egyptian traders performed selling transactions at a value of EGP 1.01 billion.
