Cairo – Mubasher: The Egyptian Exchange’s (EGX) indices closed the week ended Wednesday 20 August in the green zone, amid a rise in Arab and Foreign purchases.

The main index EGX30 surged 0.62% or 84.72 points reaching 13,695.33 points, after 1.4 billion shares were exchanged, generating EGP 3.4 billion.

Commercial International Bank – Egypt's (CIB) stock edged up 0.15% to EGP 82.23 with a traded volume of 5.8 million shares, at a value of EGP 479.2 million.

Market capitalisation gained EGP 12.8 billion to reach EGP 732.43 billion, against EGP 719.6 billion in the week before.

The EGX70 levelled up 2.71% to 762.71 points, while the EGX100 grew 2.41% reaching 1,691.81 points.

The equal-weighted EGX50 index inched up 2.07% to reach 2,221 points with a trading value of EGP 901.6 million.

Foreign and Arab investors were net buyers with EGP 189.8 million and EGP 175.75 million, respectively, while Egyptians were net sellers with EGP 365.6 million.

Branch manager in Osool ESB Saeed Alfeky forecasted that the EGX’s main index aims to reach the level of 14,000 points in the coming week's trading activities.

The EGX70 index is expected to see slight gains during the coming period which may push it to reach 735 points, Alfeky added.