Egyptian bourse jittery during past week trading

According to a weekly report of the Egyptian Stock Market showcased that the major indications of the Egyptian bourse were jittery during the past week trading, where the (AGX30) dropped 2.6%. The report released here Friday attributed the bearish manner to plans to impose corporations capital tax and distribution of cash dividends to shareholders. The week trading ended with a 0.9% drop, closing at the level of 5,361.88 points, amid collective fall of stocks of major and leading companies and businessmen, as a result sales by foreign investors. Market capitals of the listed companies, as a result of the losses, dropped 0.2% to 403.1 billion, compared to 404 billion pounds in the end of the past week, after posting 411 billion pounds in the middle of the week, thus shedding seven billion pounds in the end of the week, alone. Indices of the small and medium chips maintained part of the gains upon the closing of the week, against the backdrop of the robust rises, posted at the start of the week, where the (AGX70) closed at the level of 647.60, with a 1.1% rise, while the (AGX100) ended with a mild rise of 0.69 percent to 993.96 points. Total value of the trading of the week amounted to 4.2 billion, while the volume of the trade stood at some 664 million, done in 206,000 operations, compared to the value of the trade, 5.1 billion pounds, the volume, 538 million, done in 181,000 transactions throughout the week.