Egypt’s EGX 30 share index rises 3.8% in morning trading

Egypt’s EGX 30 share index climbed 3.8 percent in Sunday morning trade after the central bank cut key interest rates for the second month in a row, bourse data showed.

The central bank cut overnight deposit and lending rates on Thursday by 100 basis points to 13.25 percent and 14.25 percent respectively.

Source: Reuters