14 November 2012

Egypt: Nation's Stock Exchange Gains Le 2.8 Billion

The Egyptian Stock Exchange (ESE) was up at the close of trading on Tuesday 13/11/2012 driven by an announcement by official sources on Egypt's reaching an initial agreement on a 4.8 billion dollar loan from the International Monetary Fund.

The market capital gained 2.8 billion pounds to hit 389.7 billion pounds. The EGX 30 bench mark index increased by 0.81 per cent to close at 5684 points. The broader EGX 70 index of the leading smaller and mid cap enterprises rose by 1.11 per cent, reaching 519.30 points. The overall EGX 100 index followed suit with 1.04 per cent, taking the index up to 860.1 points.

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