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EGX finishes week at mixed-notes; market cap exceeds EGP 8bn

EGX finishes week at mixed-notes; market cap exceeds EGP 8bn
The benchmark EGX30 index went up 102.74 points

By: Heba Kordy

Cairo – Mubasher: The Egyptian Exchange (EGX) ended the second week of the new year in mixed notes.

The benchmark EGX30 index went up 102.74 points, or 0.7%, to close at 13,367 points, while the EGX70 index lost 1% to 687.3 points.

The benchmark index has gained many points during the week, but part of them was lost at the end, head of technical research at Roots Stock Brokerage House Sameh Gharib told Mubasher.

The EGX30 index is expected to target resistance at 13,775 points, while the small and medium-size companies EGX70 index may try to break above 685 points, he added.

Over the week, the EGX100 index lost 0.3% to 1,724.08 points.

Market capitalisation gained EGP 8.05 billion to EGP 765.16 points.

 

Translated by: Muhammad Khalid