EGX Gains EGP2.6bn

The Egyptian Exchange (EGX) indexes were unaffected by the decreased credit rating of Moody's Corporation for Egypt and an increase by the Central Bank of Egypt of the interest rate. Trading was up on 24/3/2013 after statements by Finance Minister el-Morsi Hegazi, on the sidelines of the 2nd Investment International Conference, about reaching an agreement between the Taxation Authority and Orascom Construction Industries to end a dispute over tax evasion. The market capital gained EGP2.6bn after its main index inched up 0.6% to reach 5,255.7 points.