Egypt’s main stock index climbs 1.2% in week

Egypt’s main index, surged 1.2 percent in a week, closing at 11353 points, compared to 11221 points by the end of a week earlier.

Market Capitalisation:

Egypt’s stock market recorded weekly gains worth 15.68 billion Egyptian pounds ($886 million), closing at 559.784 billion pounds during the closing session of Thursday versus 544.104 billion pounds at the end of a week earlier.

Other indices; mid- and small-cap index, the EGX70 also jumped by 4.7 percent in a week closing at 448 points during Thursday’s session, compared to 428 points at the end of a week earlier.

Price index, EGX100 also climbed 4.2 percent finishing at 1061 points during Thursday’s session, from 1018 points at the end of a week earlier.

During the week, the trading volume hit around 2.9 billion securities, compared to 3.6 billion. For the traded value, it reached 9.5 billion pounds against 10.4 billion pounds a week earlier.