Cairo - Mubasher: The Egyptian Exchange (EGX) saw a negative performance during the week that ended Thursday 17 August, pressured by the selling activities of Egyptian and foreign investors alike.

The benchmark index EGX30 continued its downwards trend, losing 2.55% or 342.94 points, and closing at the level of 13,119.44 points.

Traded volumes for the main index stocks reached 814.36 million shares with a total turnover of EGP 2.15 billion.

Commercial International Bank (CIB), the stock with the heaviest weight in the main index, fell 3.2% to EGP 81.10.

The market capital ended the week at EGP 697.5 billion, declining by EGP 17.6 billion, compared to its close last week at the level of EGP 715.16 billion.

EGX70 went down by 3.21% to 697.09 points, while the broader index EGX100 decreased by 2.41% to the level of 1,573.33 points.

The equal-weighted index EGX50 plumped 3.09%, to 2,052.11 points, with turnovers totalling EGP 2.6 billion.

Foreign and Egyptian investors were inclined towards selling, with net EGP 35.24 million and EGP 13.6 million, respectively, while Arab investors were net buyers at EGP 48.8 million.