Cairo – Mubasher: The indices of the Egyptian Exchange (EGX) posted a mixed performance during the week ended 13 October.
The benchmark index EGX30 levelled up 1.63% or 136.6 points to reach 5,505.12 points this week.
EGX70 retreated 2.09% or 7.4 points to reach 345.91 points by the end of this week, similarly, EGX100 fell 0.31% to 803.38 points.
EGX50 went down 1.65% or 22.38 points to reach 1,336.56 points.
Market cap gained EGP 1.2 billion during the week to reach EGP 420.5 billion versus EGP 419.28 billion the previous week.
Egyptian investors acquired 69% of the overall trading activity this week, while foreign and Arab investors acquired 22% and 9% respectively.
Foreign and Arab investors tended to purchase with a net of EGP 357 million and EGP 124 million respectively, while Egyptians went for selling with a net of EGP 481 million.
The main index was backed following the announcement of Egypt receiving a $2 billion deposit from Saudi Arabia, reaching the highest level since June 2015, capital market analyst Ehab Al-Saied said.
He noted that EGX70 plunged to the lowest level since June 2016 before it succeeded to hold by the end of this week.
Al-Saied expected EGX30 to focus, in the coming sessions, on resistance near 8,500 points from which the index may rise to 8,800 and 9,000 points respectively.
Meanwhile, EGX70 is projected to have support level close to 342 points then rise to 350 points in the coming week, the analyst added.
