Mubasher TV
Contact Us Advertising   العربية

EGX30 adds 0.86%, EGX70 loses 2% in week

EGX30 adds 0.86%, EGX70 loses 2% in week
CIB increased 7.9% to EGP 80

By: Heba Kordy

Cairo – Mubasher: The Egyptian Exchange (EGX) closed in mixed notes during the week ended on Thursday.

The benchmark EGX30 index went up 115.55 points, or 0.86%, to close at 13,482.99 points. 

The EGX30 index has tried to break above 13,600-point level, but selling pressure dragged it down, head of technical research at Roots Stock Brokerage House, Sameh Gharib, said.

However, it is expected to see support at 13,775 points, the analyst added.

Commercial Bank International (CIB) increased 7.9% to EGP 80 during the week, recording its highest level in two months.

The EGX70 index lost 2% to 673.52 points, while the EGX100 index declined 1.5% to 1,697.43 points.

Over the week, market capitalisation levelled down EGP 3.4 billion, registering EGP 761.6 billion.

 

Translated by: Muhammad Khalid