Egypt’s stocks rebound on Wednesday, benchmark EGX 30 climbs 2.71%

Egypt’s stock exchange (EGX) ended higher on Wednesday, with the benchmark EGX 30 index climbing by 2.71 percent to 10,705 points.

EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) jumped by 3.03 percent to 1,873 points, while the fixed-weighted index, EGX 30 Capped surged by 2.84 percent to 13,193 points. In addition, the equal weights index, EGX 50 soared by 2.65 percent to 1,875 points.

The all-embracing index, EGX 100 advanced by 2.95 percent to 2,829 points.

Market Cap   

The country’s market capitalisation has posted gains worth 16.2 billion Egyptian pounds ($1 billion), ending the trading at 694.588 billion pounds supported by local investors’ buying appetite.

Trading Aggregates            

Trading value has approximately reached around 2.3 billion pounds, while the trading volume has almost recorded around 359.271 million securities executed 43,336 transactions.