Cairo – Mubasher: The benchmark EGX30 index of the Egyptian Exchange (EGX) declined at Thursday’s closing by 0.17% or 23.4 points to the level of 13,478.75 points.
Meanwhile, the EGX70, EGX100, and EGX50 indices rose 0.19%, 0.59%, and 0.23%, respectively.
Market cap increased by EGP 1.34 billion to reach EGP 686.7 billion.
Trading volume reached 495.3 million shares exchanged at EGP 1.27 billion through 22,900 transactions.
Egyptian and Arab investors were net buyers with EGP 5 million and EGP 80 million, respectively, while foreigners were net sellers with EGP 85 million.
Citadel Capital, EFG-Hermes, Emaar Misr, Delta Construction, and SODIC led losers, falling between 3.37% and 2.13%, while, Amer Group, Alexandria Mineral Oils Company (AMOC), Porto Holding, Eastern Company, and Palm Hills led gainers, with increases ranging between 5.26% and 2.3%.
The Commercial International Bank – Egypt’s (CIB) stock declined 1.01% to EGP 81.55.
EGX indexes are experiencing profit-taking after the index reached the level of 13,683 points, Saeed El-Feki, branch manager at Osool ESB Securities stated.
The benchmark index will see support near 13,400, where it will witness new purchasing positions and the end of the varying performance, he noted.
El-Feki added that starting from the next week, the index will target the level of 13,700, noting that if this level is surpassed at a trading volume exceeding one billion shares, the index can target 14,000 points.
As for the index of small and medium-sized stocks, El-Feki explained that its performance was different from the main index during the week, noting that part of the liquidity moved to it as a result of the saturation of some leading stocks and the turnover of market capital.
