Cairo – Mubasher: The Egyptian Exchange (EGX) closed the week ended Thursday 14 September, rising, bolstered by foreign and Arab buying.

The benchmark EGX30 index rose 1.32% or 177.92 points to the level of 13,610.61 points by the end of this week.

Traded volume on the EGX30 index reached 2.06 billion shares, with a turnover of EGP 4.3 billion.

EGX30 rise was backed by the increase in the purchase power for some stocks, head researcher at the Roots Stock Brokers Sameh Gharib said.

The index might increase over 13,700-point level next week, Gharib added.

On the other hand, EGX70 rose 7.74% to 742.58 points, while EGX100 hiked 5.58% to 1,652.01 points.

The equally-weighted EGX50 index added 3.61% to 2,176.98 points, with a turnover of EGP 4.9 billion.

EGX70 managed to break through its last week’s maximum level at 707 points, to target 750-point level, Gharib added.

Market capitalisation rose EGP 14.2 billion to EGP 719.61 billion during the week, from EGP 705.39 billion.

Foreign and Arab investors were net buyers with EGP 656.2 million and EGP 42.4 million, respectively, while Egyptians were net sellers with EGP 698.6 million.