Egypt's bourse achieves highest weekly gains in 8 monthsSource: www.export-egypt.com 11/10/2018, Location: Africa |
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The Egyptian Bourse achieved last week its highest weekly gains in eight months recording 25.9 billion pounds, said experts.
The market capital gained 25.9 billion pounds to hit 776.8 billion pounds, the highest since March this year, they explained. This marked increase of activities during last week's trading is attributed to several factors atop of which are the decisions that were adopted by the Financial Regulatory Authority for protecting the money market and small shareholders against some manipulators, added the experts. According to the weekly report of the Egyptian Stock Exchange, the Egyptian Exchange indexes posted collective gains at the close of the week's trading. The EGX 30 benchmark index went up by 4.02 percent, the highest since August, to close at 13,733 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) also followed suit upping by 2.22 percent to close at 703 points. The all-embracing EGX 100 index was up 2.2 percent to close at 1,760 points. Deals of Egyptian investors accounted for 73.30 percent of the total market deals, added the weekly report, indicating that non-Arab foreign investors' deals reached 12.08 percent while 14.62 percent went to the Arab investors. |
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