File Photo: The Egyptian Exchange (EGX). Al-Ahram
The benchmark index, EGX30, rose by 2.05 percent to close at 17,881.52 points over the week, while the small and medium enterprises (SMEs) index, EGX70, slipped by 5.08 percent to end at 3,466.77 points.
"The Egyptian Exchange is still witnessing a mixed performance for the second week in a row, as partial profit taking is still ongoing on EGX70 stocks," Trader Manager at Universal Brokerage Mohamed Atta told Ahram Online.
The EGX100 decreased by 3.19 percent to 5,163.21 points in a week and the EGX50 grew by 1.73 to close at 3,263.51 points.
Market cap gained EGP 26 billion to end the week at EGP 1.162 trillion, while the turnover dropped by 19.58 percent to EGP 2.37 billion.
Positive upcoming week
"The Federal Reserve System's decision to maintain interest rates will boost the bourse's performance, and will lead the benchmark to approach its historic level at 18,000 points," Atta expected.
"The release of positive financials, along with more purchases by Arab investors, are expected to help the market reach new highs next week," Trading Manager at Arabeya Online Brokerage Mona Mostafa told Ahram Online.
Mostafa recommends selecting lucrative stocks and focusing on companies that have positive news and small EGX70 stocks.
The trading manager also advises investors to keep a portion of their liquidity ready and follow the news and performance of leading stocks in the real estate, non-banking financial, basic materials, and food and beverages sectors.
"The potential acquisitions in the real estate, petrochemical, and non-banking financial sectors are expected to support the market in the coming period," Atta said.
A rare incident
The week started with a rare incident.
On Monday, Transactions were suspended at 12:31 pm Cairo time due to a technical glitch according to a market statement.
Trading was resumed on Tuesday.
*Performance of the benchmark over the week.