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Egyptian Bourse Continues upward Trend

Source: www.export-egypt.com  3/11/2013, Location: Africa

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Despite political events in Egypt including the announcement of a court ruling in Port Said Stadium case, Egypt' bourse continued its upward trend and all indices recorded collective rise at the closing of trading on 10/3/2013. The increase was prompted by purchases of Egyptian investors and a decline in sales by Arabs and foreigners.

The market capital achieved gains worth 1.7 billion pounds to reach 368.9 billion pounds. The EGX 30 benchmark index rose 0.55 per cent to close at 5,349.98 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) inched up by 0.90 per cent to 461.01 points. The EGX 100 index increased by 0.64 per cent to close at 776.25 points.

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