1 September 2012

Egypt: Exchange Gains Egp.8 Billion This Week

The Egyptian Stock Exchange closed with gains, for the third week running, amounting to EGP 8 billion with investors being optimistic about the serious moves taken by the government to improve the economy.

During the course of this week, the benchmark index EGX 30 hit six-month high, rising 2.24 percent to 5,332 points, said a weekly report issued by the Egyptian Exchange.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) surged 4.73 percent to 495 points.

The all-embracing EGX 100 index followed suit with 3.09 percent taking the index up to 831 points.

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