Cairo - Mubasher: The Egyptian Exchange (EGX) saw a negative performance during the week that ended Thursday 24 August 2017, pressured by the selling activity of both foreign and Egyptian investors alike, despite the Central Bank of Egypt’s (CBE) decision to maintain interest rates.
The benchmark index EGX30 continued its downwards trend, and declined by 1.47%, dropping 193.04 points, and closed at the level of 12,926.49 points.
Traded volumes for the stocks of the main index amounted to 652.3 million shares this week, with a total turnover of EGP 1.6 billion.
Commercial International Bank (CIB), the stock with the heaviest weight in the main index, rose by 0.28% to the level of EGP 81.33, with volumes of 2.69 million shares, and a total traded value of EGP 219.3 million.
The market capital lost EGP 8.5 billion, and ended the week at the level of EGP 689.008 billion, after closing last week at EGP 697.58 billion.
EGX70 lost 0.85% and closed at 691.14 points, while the broader index EGX100 went down by 1.16% to the level of 1,555.13 points.
Meanwhile, the equal-weighted index EGX50 fell 2.88% to 1,992.98 points, with turnovers totalling EGP 1.9 billion.
Foreign and Egyptian investors were inclined to sell, netting EGP 30.9 million, and EGP 104.48 million, respectively, while Arab investors were net buyers at EGP 135.38 million.
