EGX closes week higher; CIB sheds 2%

EGX closes week higher; CIB sheds 2%
EGX closes week higher on local buying

Cairo – Mubasher: The Egyptian Exchange (EGX) has witnessed a bullish performance over the week ended Thursday, 12 October 2017.

The benchmark EGX30 index inched up 0.075 or 9.7 points to the level of 13,891.71 points by the end of the week.

About 1.68 billion shares were traded on the EGX30 index at a turnover of EGP 4.46 billion.

The Commercial International Bank – Egypt (CIB) shed 2.1% to 77.8 at a turnover of EGP 479.4 million, as 6.14 million shares were traded.

Market capitalisation closed at EGP 771.2 billion, gaining EGP 2.6 billion on a weekly basis, versus EGP 768.6 billion at the week before close.

The EGX70 index rose 2.22% to 815.9 points, while the EGX100 index levelled up 1.16% to 1,809.36 points.

The equal-weight EGX50 index added 1.99% to 2,389.42 points, with a turnover of EGP 5.3 billion.

Source: Mubasher