Egypt’s stocks rebound on Wednesday as benchmark EGX 30 gains 0.93%
EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) surged by 3.10 percent to 2,679 points, while the fixed-weighted index, EGX 30 Capped climbed by 1.26 percent to 12,948 points. The all-embracing index, EGX 100 edged up by 2.80 percent to 3,634 points. In addition, the equal weights index, EGX 50 jumped by 3.08 percent to 2,291 points.
The country’s market capitalisation has on Wednesday posted gains worth 8.8 billion Egyptian pounds ($560.1 million), ending the trading at 701.039 billion pounds due to local investors’ selloff.
Trading value has approximately reached around 2.56 billion pounds, while the trading volume has almost recorded 301.601 million securities executed 42,346 transactions.