Egypt Bourse Gains EGP 13.6 BillionSource: www.export-egypt.com 8/4/2012, Location: Africa |
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The Egyptian Stock Exchange gained EGP 13.6 billion this week pushed by investors' optimism about the transitional period in Egypt that is about to end and the new phase of political stability that is about to start with the formation of a new government.The main benchmark EGX 30 index rose by 4.97 percent to 4,989 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 5.75 percent to 452 points, while all-embracing EGX 100 index upped by 6.17 percent to 776 points.
The capped index EGX 20 also increased by 4.62 percent to 5,692 points. Meanwhile, the Egyptian global depository receipts (GDRs) traded on the London Stock Exchange rose at the close of Friday's trading. The GDRs of the Commercial International Bank (CIB) and Orascom Telecom went up by 3.74 and 0.38 percent respectively. The GDRs of Orascom Construction Industries also went up by 0.07 percent. |
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