Egypt’s stocks start week higher, benchmark EGX 30 climbs 2.12%
The EGX 70 EWI index of the leading smaller and mid cap enterprises (SME) edged up 2.44 percent to 1,865 points, while the fixed-weighted index, EGX 30 Capped gained 1.71 percent to 12,671 points. The all-embracing index, EGX 100 advanced 2.09 percent to 2,773 points. Meanwhile, the equal weights index, EGX 50 rose 2.02 percent to 1,938 points.
Despites stock gains, the country’s market capitalisation has on Sunday incurred losses worth 7.6 billion Egyptian pounds ($484.6 million), ending the trading at 623.250 billion pounds driven by local and Arab investors’ selloff.
Trading value has approximately reached around 1.4 billion pounds, while the trading volume has almost recorded 254.517 million securities executed 21,633 transactions.