14 December 2012

Egypt: Local Bourse Gains EGP 19 Billion in Pre-Referendum Week

The Egyptian Stock Exchange (EGX) closed the week's trading with gains with optimism in the air over the public referendum on the country's new constitution, which will start on Saturday.

The capital market gained on Thursday EGP 500 million, making its total profits during the week hit EGP 19 billion despite the political turbulence in the country.

The EGX 30 benchmark index was up 0.09 percent to close at 5,162.94 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose 1.24 percent, reaching 463.94 points.

The overall EGX 100 index increased 0.76 percent to close at 773.64 points.

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