CIB tops Egyptian Exchange’s transactions with EGP 2.5bn last week

Daily News Egypt
1 Min Read

Commercial International Bank (CIB) topped the list of listed shares on the Egyptian Exchange (EGX) in terms of trading values during the past week’s transactions.

The EGX weekly report stated that the CIB’s share increased 9.5% and accounted for 19.5% of the transactions, at a value of EGP 2.5bn.

The stock indexes increased collectively during last week’s trading, amid a buying trend for Egyptian investors.

EGX30 increased by 3.3% to 16,065 points, EGX70 EWI also increased by 6.79% to 2,997 points, and the broader EGX100 EWI climbed up 5.3% to 4,459 points.

The market capitalization lost about EGP 32bn (3.2%) to reach EGP 1.049trn.

The transactions of Arab and foreign investors tended to Sell during the past week’s trading, with a total trading of EGP 126m.

Foreign investments in EGX recorded net sales of EGP 33.8m last week, acquiring 11.1% of the deals.

The report also indicated that Arabs also preferred to sell, with a net trading value of EGP 91.7m, after excluding deals.

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