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Institutions intervene to save the Egyptian Stock Exchange from weekly losses

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While the Egyptian Stock Exchange indices ended their weekly dealings with mixed results, the listed stocks managed to achieve slight weekly gains by supporting the strong purchases of local institutions and funds.

According to the weekly report of the Egyptian Stock Exchange, the capital of listed companies’ shares increased by 0.21%, winning about 1.5 billion pounds, after it rose from the level of 706.3 billion pounds in closing last week’s transactions to the level of 707.8 billion pounds at the close of trading on Thursday.

On the level of indicators, the main index “EGX 30” recorded slight weekly losses after it fell by 0.44%, losing about 52 points, after it fell from the level of 11598 points at the closing of last week’s transactions to about 11546 points in the closing of trading on Thursday.

On the other hand, the index of small and medium-sized companies “EGX 70” of equal weights increased by 1.57%, adding about 38 points, after it rose from the level of 2414 points at the closing of transactions last week to about 2452 points in closing transactions yesterday.

The EGX 100 index of equal weights rose by 1.4%, adding about 48 points, after it rose from the level of 3440 points at the closing of transactions last week to about 3488 points at the close of trading on Thursday.

In terms of yesterday’s transactions, the stock market indices recorded collective gains, supported by buying operations by local institutions and investment funds, while foreign and Arab investors’ transactions tended to sell.

The market capitalization of the shares of companies listed on the stock exchange won about 1.5 billion pounds, amid total transactions that amounted to 5.5 billion pounds, which included transactions in the main dealers’ market and property transfer deals.

The main index “EGX 30” increased by 0.01%, and the index of small and medium stocks “EGX 70” increased by 0.73%, and the broader index also recorded an increase of 0.56%.

Yesterday’s session witnessed an increase in the share prices of 104 companies, while the shares of 70 companies declined, while the shares of 15 companies stabilized at their previous closing levels.

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