3 January 2014

Egyptian Exchange Starts New Year With Gains Worth Egp 2 Billion

The Egyptian Exchange (EGX) indexes posted collective gains in the first session of 2014.

The market capital gained about 2.05 billion pounds, to end the first session of the new year at 428.8 billion pounds, after transactions reached 500 million pounds.

The EGX 30 main benchmark index was up 0.42 percent to close at 6,811.30 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose 1.19 percent, reaching 548.63 points.

The all-embracing EGX 100 index increased 1 percent to close at 932.35 points.

Turnover of listed stocks reached a relatively modest EGP 334 million in the session, with institutions accounting for a mere 11 percent of trading.

Egyptian investors were net-sellers for EGP 4.1 million, non-Arab foreigners for EGP 6.9 million, while Arab investors net-bought EGP 11 million worth of shares.

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