Cairo - Mubasher: The Egyptian Exchange (EGX) is still affected by a correction wave that dominated the movement of its indices since the beginning of May.
EGX30 declined for the fifth consecutive week and lost 1.32%, or 219.44 points, as it ended at 16,414.53 points, with volumes reaching 740.4 million, and turnovers amounting to EGP 5.3 billion.
The Commercial International Bank (CIB), the stock with the heaviest weight in the benchmark index, went down 1.12% to EGP 84.24.
The small and medium enterprise index EGX70 fell 1.82% to 842.66 points, while the broader index EGX100 decreased by 1.88% to 2,138 points.
The market capital settled near the level of EGP 930.39 billion, losing EGP 18.18 billion in a week.
Meanwhile, the equal-weighted index EGX50 dropped 2.65%, and closed at the level of 2,819 points, by the end of the week.
Foreign investors were inclined towards buying, with net purchases of EGP 1.3 billion, while Egyptian and Arab investors were net sellers at EGP 1 billion, and EGP 313 million, respectively.
