Cairo - Mubasher: The Egyptian Exchange (EGX) returned to gains in the third week of October, recovering from a steep decline in the week before.

The benchmark index EGX30 recovered most of its previous week losses as it settled on weekly gains of 2.7%, closing at the level of 13,644.16 points, after dropping 5.8% last week.

The small and medium-sized enterprise index EGX70 rose 0.8% and ended the week’s trade at 691.11 points, while the broader index EGX100 went up 1.2% to 1,740.02points.

The equal-weighted index EGX50 fell 7% and reached 2,046.5 points.

Market capitalization amounted to EGP 766.9 billion, gaining EGP 22.7 billion.

The main index was unable to exceed the resistance level between 13,800 and 13,900 points, which after bouncing back from levels as low as 13,200, Said El-Fekky of Osoul for Security Brokerage told Mubasher.

EGX30 is expected to maintain horizontal movements next week between 13,200 and 13,800 points, he added, with main support at 13,500 points.