ESE Gains EGP 4.4 Billion in Elections Week

The Egyptian Stock Exchange (ESE) gained up to EGP 4.4 billion during last week's trading on the backdrop of presidential elections that kicked off on Wednesday and lasted until Thursday. The gains were realized amid a state of optimism over the positive atmosphere that characterized the polls and an approach of an end to the transitional period.

The benchmark EGX 30 index was up by 1.6 percent to 4971.72 points. The larger EGX 70 index of the leading smaller and mid cap enterprises (SME) was also up by 2.5 percent to 430.34 points. The all-embracing EGX 100 index followed suit with 0.55 percent, taking the index up to 775.82 points.