Cairo - Mubasher: The Egyptian Exchange (EGX) saw a negative performance in the second week of September, which had only four trading sessions as Tuesday market the beginning of the New Islamic Year holiday.
The benchmark index EGX30 declined by 3.12% or 494.5 points and closed at the level of 15,308.62 points.
Concerns regarding a drop in the currencies of emerging markets and selling pressures drove the index down after falling to surpass resistance at 16,000 points, analyst Sameh Gharib of Roots Brokerage.
The main index continues to move horizontally between 15,000 and 16,000 points, maintaining support at 15,250 and 15,000.
The small and medium sized enterprises index EGX70 ended the week at the level of 742.74 points, losing 0.89%.
EGX70 will continue to target the resistance level at 755 points, after moving horizontally between 730 and 755 points.
The broader index EGX100 fell 1.9% to 1,900.13 points, while the equal weighted index EGX50 dropped 4.9% and ended the week at 2,450.74 points.
Market capital decreased by EGP 25 billion to EGP 849.6 billion, compared to its level by the end of last week at EGP 874.67 billion.
