Cairo - Mubasher: A correction wave continued to dominate the Egyptian Exchange (EGX) this week, amidst weak trade since the begining of the holy month of Ramadan, in which trading sessions are shortened.
EGX30 fell 1.44%, losing around 244 points, and closed at the level of 16,633.97 points, its lowest since 11 March.
Traded volumes 583.13 million shares, with a total turnover of EGP 2.6 billion.
However, the market capital rose by EGP 189.3 billion, as it ended the week at the level of EGP 948.5 billion.
The small and medium enterprise index EGX70 levelled up 0.72% to 858.37 points, while the broader index EGX100 slipped 0.10% and reached 2,179 points.
Meanwhile, the equal-weighted index EGX50 lost 0.09% and settled at the level of 2,895 points.
Analyst Samih Gharib told Mubasher that the benchmark index EGX30 is still looking forward for a strong support level since going below 17,500 points.
Foreign investors leaned towards buying with a net EGP 1.31 billion, while Egyptian and Arab investors were net sellers at EGP 1 billion, and EGP 313 million, respectively.
