Cairo – Mubasher: The Egyptian Exchange (EGX) closed the week ended on Thursday, 11 January on a mixed note.

The main EGX30 index soared 3.16%, or 466.51 points, to 15,248 points.

Over the course of the week, the EGX30 index saw trading of 837.8 million shares, generating EGP 3.08 billion.

On a weekly basis, the EGX’s market capitalisation gained EGP 18.5 billion, closing the second week of 2018 at EGP 847.1 billion, compared to EGP 828.53 billion a week earlier.

The Commercial International Bank’s (CIB) stock grew 5.68% to EGP 79.94, after 6.16 million shares were exchanged, with a liquidity of EGP 489.5 million in a week.

The EGX70 index added 2.24% to 850.94, while the EGX100 index levelled up 2.34% to 2,016 points.

The equal-weighted EGX50 index rose 4.08% to 2,673 points with a turnover of EGP 3.9 billion.

Egyptian investors were net sellers with EGP 1 billion, while Foreign and Arab investors were buyers with EGP 876 million and EGP 125 million, respectively.

Commenting on the EGX’s weekly performance, head of technical analysis at Roots Stock Brokerage House Sameh Gharib said that the benchmark index has succeeded in rebounding this week to extend its gains and reach a record high of 15,559 points.

The EGX30 will test resistance at 15,300 points in next week’s trades, the analyst added.