Cairo - Mubasher: The Egyptian Exchange (EGX)erased big portion of the losses it suffered earlier this week, after the negative news about the results of the investigations related to the recent Russian aircraft in Sinai.
The market capitalisation shed EGP 2.12 billion through this week, to reach EGP 423.12 billion down from EGP 425.24 billion in the previous week.
The benchmark index EGX30 lost 3.49% or 237.7 points to close at 6,568.97 points, against 6,809.67 points by the end of the preceding week.
The benchmark confirmed its rebounding above the level of 6,300 points, where it will start upward correction movement, he added.
The main gauge is likely to continue positive performance on Sunday, stated Gharib noting that the index's first upcoming barrier will be at the level of 6,650 points.
The small and mid-cap index EGX70 went down 2.49% or 9.11 points to 356.22 points compared with 365.33 points by the end of last week.
The equal-weighted index EGX50 slide 2.2% or 25.29 points to 1,126.68 points, down from 1,151.97 points a week earlier.
Foreign and Arab investors came as net sellers with EGP 400 million and EGP 77.6 million respectively, while local investors came as net buyers with EGP 477.6 million.
