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.

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