Cairo – Mubasher: The Egyptian Exchange (EGX) saw a bearish wave during the week ended Thursday, 2 November 2017.
The benchmark EGX30 index closed this week 2.61% or 363.8 points up to 14,319.34 points, which is the highest weekly performance since September.
About 1.8 billion shares were traded on the EGX30 index this week at a turnover of EGP 5 billion.
Market capitalisation closed at EGP 780.7 billion this week, gaining EGP 10.8 billion.
The heavyweight Commercial International Bank (CIB) rose 2.36% in a week to EGP 78.14, as 5.4 million shares were traded at a turnover of EGP 424.8 million.
The EGX70 index levelled up 2.06% to 789.71 points, while the EGX100 index added 2.12% to 1,776.59 points.
The equal-weighted EGX50 index grew 2.3% in a week to 2,532.17 points at a turnover of EGP 5.8 billion.
Egyptian investors were net sellers with EGP 199.4 million, while foreign and Arab investors were net buyers with EGP 30 million and EGP 169.4 million, respectively.
Egyptian investors dominated 76.6% of market transactions this week, while foreign and Arab investors made up 13% and 10.4%, respectively.
Individuals were net sellers with EGP 242.6 million, dominating 71% of market transactions this week, while institutions were net buyers with the same value.
