Egypt’s stocks end week mixed as benchmark EGX 30 falls 0.39% on local selloff
Egypt’s stocks closed mostly higher on Thursday, with the benchmark EGX 30 index falling 0.39 percent to 10,561 points driven by local investors’ selloff.
The Egyptian stock Exchange (EGX) announced earlier on Thursday that trading would be suspended starting from Monday July 19 till Saturday July 24 on the occasion of Eid El-Adha holiday and the anniversary of the 23 July Revolution. Trading will be resumed on Sunday July 25.
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) soared 2.18 percent to 2,475 points, while the fixed-weighted index, EGX 30 Capped dropped 0.50 percent to 12,979 points. The all-embracing index, EGX 100 surged 1.46 percent to 3,429 points. In addition, the equal weights index, EGX 50 added 0.77 percent to 2,215 points.
The country’s market capitalisation has on Thursday posted gains worth 1.6 billion Egyptian pounds ($102.1 million), ending the trading at 679.651 billion pounds driven by Arab and foreign investors’ buying appetite.
Trading value has approximately reached around 1.8 billion pounds, while the trading volume has almost recorded 426.989 million securities executed 50,832 transactions.