ICEC

Profit taking weighs on Egypt stocks, main index falls 0.72% in week

Egypt’s main index, EGX30 fell 0.72 percent in a week weighed by profit-taking transactions.

Market Capitalisation:

Egypt’s stock market incurred weekly losses worth 1.9 billion Egyptian pounds ($214 billion), closing at 416.657 billion pounds during the closing session of Thursday versus 418.640 billion pounds at the end of a week earlier.

Indices

EGX30 closed at 8317 points on Thursday, versus 8377 points at the end of a week earlier.

The main gauge index registered its highest point on Tuesday closing at 8387.49 points, whereas its lowest point recorded on Thursday at 8317.17 points.

In addition, the mid- and small-cap index, the EGX70 rose by 0.55 percent in a week closing at 365 points during Thursday’s session.

Price index, EGX100 edged up 0.37 percent finishing at 810 points during Thursday’s session.

Turnovers
During the week, the trading volume hit around 1.1 billion securities, compared to 2 billion. For the traded value, it reached 5.9 billion pounds, up from 4.8 billion pounds a week earlier.

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