Cairo - Mubasher: The Egyptian Exchange (EGX) achieved gains by the end of the week, as the market capital increased by around EGP 22 billion.
The benchmark index EGX30 registered weekly gains of 3.99% as it closed at the level of 15,806.38 points, while EGX70 rose 1.85% to 748.07, EGX100 settled 2.44% higher at 1,942.46 points, and EGX50 rose 1.83% and ended Thursday’s trading session at 2,599.78 points.
Market cap ended the week at EGP 880.3 billion, rising by EGP 21.9 billion.
Market analyst Sameh Gharib of Roots Brokerage told Mubasher that the main index was able to restore its upwards trend supported by strong purchasing powers, after maintaining the support level of 15,500 points, resistance now stands at the 16,000 point-level.
As for the small and medium sized enterprise index EGX70, support now moved from 730, and the index will now be targeting the levels of 750 and then 770 points.
