The session reinforced the week’s central market theme: the benchmark remained positive, but the bulk of the advance occurred outside the EGX30. EGX70 Gained Almost 10% in a WeekThe scale of the divergence becomes clearer over the full trading week. Non-Arab foreign investors were net sellers of approximately EGP425mn. Foreign investors also have an important competing asset class in Egyptian government debt. Weekly Rally Raises the Earnings TestThe EGX ended the week in a considerably stronger position than the EGX30 alone would suggest.