Egyptian stocks down

Egyptian stock indexes fell last week, negatively reflecting the market capital of listed companies, which lost roughly 4.9 billion Egyptian pounds out of the value of the week's trading. A US dollar is tantamount to 5.95 pounds. The fall is due to profit-taking operations and investors' tendency to restructure their financial portfolios, the weekly report of the Egyptian stock exchange said. The market capital of listed companies hit last Thursday 409.8 billion pounds against 414.7 billion pounds in the previous week, the report showed. EGX-30 lost around 1.12 percent of its value to close at 5479.60 points, while EGX-70 fell 1.7 percent out of its value to close at 643.38 points, the report indicated. The wider EGX-100 retreated by 1.6 percent to end the week at 994.87 points, it said. A total of 748 million shares worth 5.1 billion pounds were traded in 182, 000 transactions, the report pointed out. Egyptian investors acquired 83.96 percent out of total trading, while foreign and Arab investors had 12.79 percent and 3.25 percent respectively.