Cairo – Mubasher: The Egyptian Exchange (EGX) closed the week ended Thursday 28 September, rising collectively, bolstered by foreign and Arab buying.
The benchmark EGX30 index rose 1.41% or 193.18 points, the highest weekly rise in September, to the level of 13,888.51 points by the end of this week.
Traded volume on the EGX30 index reached 2.3 billion shares, with a turnover of EGP 4.3 billion.
EGX30 continued rising this week, backed by the surge in the purchase power, head researcher at the Roots Stock Brokers Sameh Gharib said.
The index might cross the 14,000-point level next week, Gharib added, noting that EGX30 is heading afterwards to the 14,250-point level.
The CIB’s stock dropped 0.83% to EGP 81.55, generating a turnover of EGP 424.2 million, with 5.2 million shares traded.
Market capitalisation lost EGP 16.2 billion to EGP 732.43 billion during the week, from EGP 748.59 billion.
On the other hand, EGX70 rose 1.42% to 773.53 points, while EGX100 hiked 1.89% to 1,723.81 points.
The equally-weighted EGX50 index added 4.11% to 2,313.32 points, with a turnover of around EGP 5 billion.
Egyptian and Arab investors were net buyers with EGP 65.8 million and EGP 87.1 million, respectively, while Foreigners were net sellers with EGP 152.9 million.
