27 April 2012

Egypt: Stocks End Week in Green

The Egyptian Stock Exchange (ESE) saw a marginal rise on Thursday 26/04/2012, bolstered by the announcement of one of Qatari banks of plans to buy a majority stake of Egyptian group EFG Hermes.

The main benchmark index EGX 30 rose by 0.5 percent to reach 4934.92 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) also gained 0.17 percent.

The all-embracing EGX 100 index followed suit with 0.25 percent, taking the index up to 777.54 points.

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