Egyptian stock exchange regains upward trend

Egypt Stock Exchange ended its weekly trading on the rise after series of weekly losses continued for nearly six weeks in a row. The weekly report of Egypt Stock Exchange said the capital of shares listed on the Stock Exchange rose by almost 9 billion pounds or 3% to 353 billion pounds, compared to 1.344 billion pounds in the previous week. The report showed high performance of all indicators during the week's trading week noting that the main index (EGX-30) rose by 4.82.% to record 4935 points, while the index of small, medium and speculation shares (EGX -70) accounted for 01.3% to record 435 points. The broader range index (EGX-100) rose to win 2.87% to record 778 points, as index (EGX 20) rose by 6.92% to gain 5843 points. The communications sector was the most heavily traded during the week with a turnover of around 846.7 million pounds, followed by the financial services sector,with the exception of banks, which trades amounted to about 337.8 million pounds. The report pointed out that the total trading volume of the stock exchange during the week amounted to 2.2 billion pounds, while the total volume about 539 million paper executed on the 104 thousand process, compared with a total traded value of 2.1 billion pounds, the amount of trading amounted to about 211 million securities, executed on 47 thousand during the previous week.