Egypt’s stock market ended in the red notes on Thursday, posting big weekly declines.
Benchmark EGX 30 EGX 30 fell 0.09 percent to close the last day of trading this week at 14,669 points. For the week, the main gauge booked a loss of 0.08 percent.
The mid- and small-cap index, EGX 70 climbed 2.57 percent in a week closing at 825 points during Thursday’s session. Price index, EGX 100 also made a weekly increase of 2.16 percent closing at 1,944 points.
Market capital incurred weekly declines of 5.3 billion Egyptian pounds ($296.7 million) as it closed on Thursday at 815.5 billion pounds, compared with 820.8 billion pounds the previous week, the Egyptian bourse said in its weekly report.
During the week, the trading volume hit around 1.049 million securities, compared 1.433 million a week earlier. For the traded value, it reached around 7.6 billion pounds, down from 8.6 billion pounds a week earlier.