Egypt’s stock exchange gains 55.6 bln pounds in 3 months

Egypt’s bourse posted gains worth 55.6 billion Egyptian pounds ($3.4 billion) during the second quarter of this year, where the market capital registered 590 billion pounds from 534.4 billion pounds last year, marking an increase of 10.4 percent.

According to the The Egyptian Exchange’s (EGX) monthly report, all indices on the market achieved collective gains, including the EGX 30 benchmark index which increased by 12.2 percent to record 10,764.59 points, MENA reported.

The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) went up by 45.86 percent to stand at 1,451.26 points.

The all-embracing EGX 100 index was up by about 37.5 percent to reach 2,245.56 points.

Trading on the market during the second quarter went down to stand at 170.2 billion pounds, the report said.

Shares accounted for 37.38 percent of total trading on the bourse, while bonds acquired 62.62 percent of total trading on the market, the report noted.

Net sales of foreign investors on the bourse recorded 6.461 billion pounds, while net sales of Arab investors hit 438.3 million pounds, the report noted.