Cairo bourse gains 24.5 bln pounds in 4 trading sessions

The Egyptian Exchange (EGX) gained 24.5 billion Egyptian pounds ($1.4 billion) in its four trading session during this week as the bourse is off Thursday to mark Prophet Muhammad’s birthday anniversary.

According to its weekly report on Thursday, a copy of which MENA obtained, the market capital upped 3.1 percent to reach 814.1 billion pounds this week, against 789.6 billion pounds last week.

The bourse’s indices recorded collective gains. The EGX 30 benchmark index went up by 3.37 percent to close at 14,582 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) inched up by 2.96 percent to record 795 points.

The all-embracing EGX 100 index also inched up by 3.7 percent to hit 1,852 points.

The EGX 20 index upped 3.85 percent to reach 14,220 points. Source: MENA