Cairo – Mubasher: The Egyptian Exchange (EGX) indices advanced collectively through this week trades backed by the Egyptian Central Bank decision to float the Egyptian pound against the US dollar.
The benchmark index EGX30 climbed 21.31% or 1,877.65 points on a weekly basis to close at 10,688.16 points.
The small and medium caps index EGX70 added 15.05% or 52.78 points on a weekly basis to close at 403.51 points. Similarly, the equal weighted index EGX50 gained 12.24% or 167.76 points on a weekly basis to close at 1,538.44 points.
The market capitalization gained EGP 90.7 billion through this week trades reaching EGP 519.4 billion, up from EGP 428.7 billion at the end of the previous week.
Local investors accounted for 79.8% of the market trading activity, while foreign and Arab investors accounted for 13.6% and 6.6% respectively.
