Cairo – Mubasher: The Egyptian Exchange (EGX) saw a downward wave during the week ended Thursday, 19 October 201, pressured by foreign selling.

The benchmark EGX30 index fell 1.28% or 178 points to the level of 13,713.6 points by the end of the week.

About 1.58 billion shares were traded on the EGX30 index at a turnover of EGP 4.3 billion.

Market capitalisation closed at EGP 767.7 billion, losing EGP 3.5 billion on a weekly basis, versus EGP 771.2 billion last week.

The Commercial International bank – Egypt (CIB) shed 2.11% to EGP 76.22 at a turnover of EGP 515.25 million, as 6.7 million shares were traded.

The EGX70 index dropped 4.05% to 782.43 points, while the EGX100 index declined 3.59% to 1,744.45 points.

The equal-weighted EGX50 index added 2.53% to 2,449.79 points, with a turnover of EGP 5.5 billion.

Foreign investors were net sellers with EGP 113.3 million, while Arab and Egyptian investors were net buyers with EGP 51.12 million and EGP 62.2 million, respectively.