EGX sees mixed performance in week

Cairo - Mubasher: The Egyptian Exchange saw a mixed performance during the fifth week of 2018.

The main index EGX30 fell 0.54% to 15,088 points, with trading volumes of 879.6 million shares and a total turnover of EGP 3.7 billion.

Market capital gained EGP 11 billion, and reached a total of EGP 861.4 billion.

The small and medium-sized enterprises index EGX70 rose 2.83%, making its biggest gains since mid-December, as it closed at 870.97 points, while the broader index EGX100 added 2.01% and reached 2,057 points.

Meanwhile, the equal-weighted index EGX50 lost 0.54% and ended the week at the level of 2,695.

The main support level for the main index now is 15,050 points, according to market analyst Said El-Fekky.

Fekky believes that the anticipation of the central bank decision regarding interest rates led to caution among investors, who will soon seek new positions, which will help the main index target resistance levels near 15,300.

Mubasher Contribution Time: 01-Feb-2018 19:18 (GMT)
Mubasher Last Update Time: 01-Feb-2018 19:18 (GMT)