Mutual funds ended last week, February 8, outperforming the PAMI, inching down 0.7 percent while the
PAMI fell 2.69 percent to 7,737.7. Eighteen funds ended the week in the red, while 3 only made week-on-week gains. SAIB topped the gainers with a 0.24 percent gain, followed by AMEX Second Fund which rose 0.19 percent. Meanwhile, Egyptian American Bank declined 1.37 percent to finish at the bottom of the list.
Mutual funds outperformed the PAMI in terms of YTD performance, as it inched up 0.51 percent while the PAMI fell into negative territory with a 1.83 percent drop. Misr Exterior Bank continued to dominate local fund performance with a 2.61 percent YTD gain.
Meanwhile, Suez Canal Bank Fund realized the lowest performance with a 1.40 percent decline in its YTD NAV.
Prime Securities S.A.E.
© 2001 Mena Report (www.menareport.com)
