Egypt’s stocks edge up 3.6% in week

Egypt’s stock market posted weekly gains worth 9.3 billion Egyptian pounds (US$1.2 billion).

Market capitalisation ended at 396.657 billion pounds last Thursday.

Indices

Main index, EGX 30 edged up 3.6 in a week to close at 6202.22 points during Thursday’s session, compared to 5987 points a week earlier.

The main index registered its highest point on Thursday closing at 6202.22 points, whereas its lowest point recorded on Monday at 5906.92 points.

In addition, the mid- and small-cap index, the EGX70 fell in a week by 2 percent closing at 349 points during Thursday’s session, from 356 points a week earlier. Price index, EGX100 also tumbled 0.8 percent finishing at 709 points during Thursday’s session, versus 715 points a week earlier.

Turnovers
Through last week, the trading volume hit around 987 million securities; while traded value reached 4.2 billion pounds.