10 December 2012

Egypt: ESE Gains LE 9.5 Billion

The Egyptian Stock Exchange (ESE) gained LE9.5 bn at the closing of trading Sunday 9/12/2012 with the 30 benchmark index increasing 4.4 per cent to stand at 5051.96 points.

The agreement of national powers that participated in the national dialogue with President Mohamed Morsi Saturday8/12/2012, on the new constitutional declaration boosted the confidence of investors in the market and encouraged them to further purchase, according to pundits.

The broader EGX 70 index of the leading small- and medium sized enterprises (SMEs) meantime went up by 2.57 per cent, reaching 438.61 points.

The overall EGX 100 index went up by 3.4 per cent at 740.57 points.

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