EGX30 up with 4.43% amid last of February’s sessions

Throughout the week; EGX30 increased by 4.43%; gaining 228.16 points to close at 5,369.97 points. Highest companies were NHPS and RTVC, where their prices increased by 27.62% and 22.71, respectively. EGX has managed to earn EGP 41.7 billion by the last of February’s trading sessions. Therefore, the capital market has reached L.E386.767 billion.

Central Bank mentioned that foreign currency deposits in Egypt increased to EGP 184.6 billion in January, compared to EGP 181 billion in December. Meanwhile, deposits in Egyptian pound dipped to EGP 679.5 billion in January, from EGP 681.3 billion recorded in the previous month.

According to central Authority for public mobilization and statistics (CAPMAS), the annual inflation in Egypt reached to 8.6% in January, versus 9.6% in December on lower increase in food prices. On a monthly basis, inflation increased by a mere 0.1%, against a drop of 0.2% in December.

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