Cairo-Mubasher: The indexes of Egyptian Stock Exchange (EGX) saw a positive performance in the week ended 11 August 2016.
The benchmark EGX30 rose 1.48% or 122.35 points this week to reach 8,377.1 points, its highest level since 28 June 2015.
The market capitalisation declined by EGP 362.8 million ($40.8 million) billion to reach EGP 418.6 billion this week, compared to EGP 419 billion last week.
The market did not react significantly to the news that the International Monetary Fund (IMF) has agreed in principle to grant Egypt a $12 billion three-year loan facility, analyst Ehab Al Saeed.
The final approval by the IMF’s executive board will have a more positive impact on the market, especially if it coincided with the decision of Egypt's central bank to depreciate the Egyptian pound, Al Saeed noted.
The EGX70 index advanced 0.82% to reach 363.39 points, while the EGX100 went up 1.53% to 806.66 points. Likewise, the EGX50 grew 1.03% to close at 1,421.08 points.
The Egyptian and Arab traders were net buyers with EGP 132.9 million and EGP 5.7 million respectively. Meanwhile, foreign investors were net sellers with EGP 189.9 million.
