28 February 2014

Egypt: Capital Market Hits Highest Record Since 2011 Revolution

The Egyptian Exchange (EGX) continued its upward trend at the end of trading on Thursday, backed by intensive purchases by foreign and Arab investors and institutions amid optimism about the new government formation.

The market capital gained EGP 8.8 billion to reach EGP 491.8 billion, its highest figure since January 2011.

The EGX 30 benchmark index jumped 1.61 percent to reach its 67-month highest record of 8,127.44 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 1.91 percent to 651.21 points.

The all-embracing EGX 100 index also increased by 1.82 percent to close at 1,119.09 points.

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