In Week – Egypt Bourse Gains EGP8.8 bln, EGX 30 Jumps 4%

In a week, Egyptian shares attained gains totaled EGP 8.8 billion powered by relatively political stability.

The capital market reached EGP 416.881 billion last Thursday, compared to EGP 408.101 billion at the end of a week earlier.

Accordingly, the Egyptian Exchange’s benchmark index EGX 30 index jumped by 4.3% this week, registering a surge of 272.52 points, ending Thursday’s transactions at 6604.65 points compared to 6332.13 points at the end of a week earlier.

The main gauge index hit its highest point on Thursday’s closing at 6604.65 points, where its lowest point recorded on Tuesday at 6461.32 points.

Meanwhile, the mid- and small-cap index, the EGX70  pushed up by 1.6% closing at 533.4points during Thursday’s session, compared to 525 points at the end of a week earlier. The price index, EGX100 also climbed by 2.46% concluding by 902.69 points during Thursday’s session, against 882 points at the end of a week earlier.

Turnovers & Volumes:

Also in a week, the EGX has registered an increase of 11.3% in its turnovers to EGP 2.56 billion, compared to EGP 2.3 billion a week earlier. The volume of trades hit 583.8 million securities, compared to 504 million securities a week earlier.