Cairo – Mubasher: The Egyptian Exchange indices performance was mixed this week, while market capitalisation lost around EGP 805.6 million ($103 million) to close at EGP 428.98 billion, compared with EGP 429.79 billion at the end of 2015, due to pressures from national and Arab selling.
The market will close on 7 January on marking the Coptic New Year.
The main index EGX30 fell by 1.2% or 83.3 points to close at 6,922.71 points, compared with 7,006.01 points at 2015-end. Meanwhile, EGX70, which measures small and mid-cap stocks, rose by 1.6% or 6.11 points to end at 384.8 points.
Sameh Gharib, head of technical research at Roots Securities said a break below the 6,900 mark will take the index further lower towards next support level of 6,700 points.
The broader index EGX100 drifted 0.33% lower to 787.98 points, while the equal weighted index ETG50 slid 0.47% to 1,194.85 points.
National and Arab traders were net sellers by EGP 11.6 million and EGP 3.3 million respectively, while foreign traders were net buyers by EGP 14.9 million.
