Cairo – Mubasher: The Egyptian Exchange (EGX) has continued the correction process, which began early in May, during the week ended 7 June, amid a blurred situation.
Over the week, the benchmark index EGX30 dropped 490.87 points, or 2.99%, to close at 15,923.66 points after 660.27 million shares were traded, generating EGP 3.33 billion.
Commercial International Bank (CIB) added 1.61% to EGP 85.6 after 5.06 million of its shares were traded, with a turnover of EGP 431.9 million.
EGX70 plunged 5.71% to close at 794.55 points, while EGX100 tumbled 4.69% to 2,037 points.
Market capitalisation decreased to EGP 902.7 billion over the week, compared to EGP 930.3 billion a week earlier.
Furthermore, EGX50 fell 5.67% to 2,659 points, with a turnover of EGP 3.7 billion.
Foreigners were mostly buyers, with a net purchase value of EGP 1.3 billion, while Egyptians and Arabs were mostly sellers, generating EGP 1 billion and EGP 313 million, respectively.
