EGX ends week on mixed note, benchmark hurt by CIB losses



Fri, 04 Aug 2017 - 11:00 GMT


Fri, 04 Aug 2017 - 11:00 GMT

Egyptian Exchange - File Photo

Egyptian Exchange - File Photo

CAIRO – 4 August 2017: The Egyptian Exchange (EGX) saw a mixed performance in the week that ended on August 3, amid local and Arab sales and foreign purchases, EGX weekly report revealed Thursday.

The benchmark EGX30 fell 1.44 percent or 196 points to close the week at 13,413 points, recording the highest decline pace since mid June.

The main index saw the trading of 1.03 billion shares at a total value of LE 2.4 billion.
The Commercial International Bank (CIB) lost 1.97 percent to stand at LE 83.5, trading 4.9 million shares at LE 411million in a week.

Market capital dropped LE 877 million to reach LE 711.70 billion, compared to LE 712.58 billion in the previous week.

The small and mid-cap index EGX70 increased 1.49 percent or 10.46 points to end at 711.19 points. The broader index EGX100 also rose 0.70 percent to stand at 1,606.6 points.

Local investors acquired 70.7 percent of the market's transactions, while Arab and foreign traders represented 6.9 percent and 23.6 percent respectively.

Local and Arab traders were net sellers during the week with LE 30.9 million and LE 72 million respectively, while foreign investors were buyers with LE 102.9 million.

Institutions acquired 39 percent of the market's transactions with total purchases valuing LE 1.9 million, while individual traders represented 61 percent with the same value.



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