Egyptian bourse continues rallying

The Egyptian bourse, rallying for the second consecutive week, posted rise of its benchmark, (EGX30) by 3.1 percent while the (EGX70) index rose 1.25 percent and the (EGX100) 2.02 percent, according to the bourse weekly report issued on Friday. Trades by Egyptians amounted to 72.51 percent of the overall transactions throughout the week. Non-Arab foreign investors dominated 21.83 percent of the stocks and the Arabs, 5.67 percent. The non-Arab traders posted net profits of 2,031.88 million pounds, and the Arabs, 202.90 milion pounds. Corporations dominated 65.80 percent of the trades, individuals, 34.20 percent, while net purchases by the corporates reached 143 million pounds. Overall value of trade stood at 4.974 billion pounds, volume of the dealings, 511.6 million, through 178.6 deals. Market capital reached 404 billion pounds with a one percent rise in contrast to the previous week.