Cairo – Mubasher: The Egyptian Exchange (EGX) indices advanced in last week's four sessions. The market closed on 25 January on celebrating the popular revolt that toppled former president Mubarak.
The market capitalisation added EGP 10.8 billion ($1.4 billion) to close at EGP 391.32 billion, from EGP 380.53 billion a week earlier, backed by national and Arab buying.
The main index rose by 4.79% or 273.43 points to close at 5,986.78 points, up from 5,713.35 points a week earlier.
Sameh Gharib, head of technical research at Roots Securities said the main index would continue the corrective movement as long as it is above the support level of 5,526 points . He added that a break below the 5,526 level would drive the index further lower towards 5,150 points.
The small and mid-cap index EGX70 gained 3.41% or 11.74 points to reach 355.87 points. The equal-weighted index EGX50 rose by 5.44% or 56.66 points to 1,099.03 points. The broader index EGX100 ended 3.3% or 22.86 points higher at 714.89 points.
