EGX ends week in green, benchmark rises 3.8%

CAIRO – 31 August 2017: The Egyptian Exchange (EGX) saw a positive performance in the week ending on August 30, an EGX weekly report revealed Wednesday.

The benchmark EGX30 increased 3.79 percent, closing the week at 13,416 points.

The small- and mid-cap index EGX70 inched up 0.2 percent to end at 693 points. The broader index EGX100 also rose 0.63 percent to stand at 1,565 points.

Turnover added LE 500 million ($28 million), to register LE 3.5 billion this week after recording LE 3 billion last week. Traded volumes increased to 907 million shares, up from 819 million shares.

Market capitalization leveled up to LE 16 billion or 2 percent to reach LE 705 billion compared to LE 689 last week.

The financial services excluding banks topped sectors in terms of traded values and volumes with LE 815.4 million and 376.3 million shares.

Local investors acquired 67.66 percent of the market's transactions, while Arab and foreign traders represented 10.62 percent and 21.72 percent, respectively.

Arab and foreign traders were net purchasers during the week with LE 86.79 million and LE 372.25 billion.

Institutions acquired 49.69 percent of the market's transactions with total purchases valuing LE 97.45 million, while individual traders represented 50.31 percent.
Citadel Capital was the most active stock in terms of traded values and volume with LE 304 million and 254.1 million shares, respectively.