Egypt Bourse Posts Collective Gains, Amid Optimism over Sisi's Winning in Presidential PollsSource: www.export-egypt.com 4/3/2018, Location: Africa |
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 The Egyptian Exchange (EGX) indexes posted collective gains and made a new record at the close of trading supported by intensive foreign and domestic investors' purchases amid optimism over an economic breakthrough after the winning of President Abdel Fattah El Sisi in the presidential election.
After transactions that amounted to EGP 2.5 billion, the market capital hit a record and gained about EGP 5.3 billion to reach EGP 984.9 billion, only EGP 15 billion away from reaching EGP trillion, amid expectations of its capability of reaching such record within this week. The EGX 30 benchmark index went up by 0.50 percent to close at 17,684.66 points which is a new high record. The broader EGX 70 indexes of the leading smaller and mid cap enterprises (SMEs) increased by 0.18 percent to close at 877.34 points. |
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