Mubasher TV
Contact Us Advertising   العربية

EGX30 up 1% in week

EGX30 up 1% in week
The Egyptian Exchange

Cairo - Mubasher: The Egyptian Exchange (EGX) saw a positive performance this week, despite the rising geopolitical tensions across the region.

The benchmark index (EGX30) rose by 0.94%, or 165.33 points, and closed at the level of 17,781.02 points.

Traded volumes totalled 1.14 billion shares with a total turnover of EGP 5.19 billion.

The market capital increased by EGP 3.7 billion to EGP 981.4 billion, compared to EGP 977.6 billion.

Commercial International Bank (CIB) recorded its highest gains in month by 2.85% to EGP 89.36.

EGX70 slipped 0.06% to 867.15 points, while the broader index EGX100 rose 0.46% to 2,273 points.

The equal-weighted index EGX50 levelled up 0.44% to 3,008 points.

Arab investors were inclined towards buying with a net EGP 306.7 million, while Egyptian and foreign investors were net sellers at EGP 278.8 million, and EGP 27.8 million.

Financial analyst Saed Elfekky said that the main index is now targeting to restore the 18,080 level, noting that the Egyptian exchange is set to maintain its upwards trend on the short and medium term.