Arab Purchases Lead Stock Exchange up

Purchases by Egyptian and Arab investors of selective indexes in the housing, financial services and communication fields have led the Egyptian Stock Exchange to close up on Thursday, making up for losses incurred in the morning session.The Stock Exchange gained EGP 1.4 billion at the close of trading on Thursday. The benchmark EGX 30 index was up 0.46 percent to 4929.24 points. The broader EGX 70 index of the leading smaller and mid cap enterprises rose by 0.38 percent to 423.62 points. The all-embracing EGX 100 index followed suit with 0.43 percent up, taking the index upward to 772.16 points.