10 January 2013

Egypt: ESE Gains LE 2.6 Billion

The Egyptian Stock Exchange (ESE) gained LE 2.6 billion at the end of trading on Wednesday 9/1/2013 pushed by purchase operations by foreign and Arab investors optimistic about the ability of the Egyptian economy to recover.

This also comes after Qatar announced it will increase its financial support for Egypt to $5 billion, as well as positive talks with the International Monetary Fund on a $4.8 million loan.

The EGX 30 benchmark index was up 1.08 per cent to close at 5866.91 points.

The boarder EGX 70 index of the leading small and medium sized enterprises (SMEs) rose 0.23 per cent, reaching 502.40 points.

The overall EGX 100 index rose 0.42 per cent to close at 844.21 points.

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.