Egyptian Stock Exchange's index registered a 1.9% drop in this week's transactions under pressure from the Egyptian and Arab investors' sales. Although foreign transactions have tended to purchase, they failed to take the index up. The EGX30 index lost 106 points to close at 5479 points. The price index EGX30 fell 3.3% due to a decline in the prices of 145 securities against a rise in 18 securities.
The main index's total losses reached 11.2% last week, as the stock market lost LE 45 billion of the market value of shares. Institutions acquired some 40% of total transactions, which exceeded LE 1.1 billion.
The leading shares topped by textile and housing sectors, Orascom Telecom, and Orascom Construction, declined by 0.5% - 6%. On the other hand, shares of the Commercial International Bank (CIB) and EFG-Hermes rose by 2.4% and 0.5% respectively.
Thanks to purchases, Talaat Mostafa Group reduced the losses it incurred at the beginning of yesterday's session, some 5%. This came after the share's price fell to less than LE 5 after the death sentence against Hisham Talaat Mustafa, the group's former president, was upheld. The group's share declined from LE 5.06 to LE 4.94, down 2.3%. The value of 12.4 million shares reached LE 61.7 million. The group's share was ranked first in terms of value and quantity.
