EGX rallies this week, equiteis gain 1.7B EGP in 2 session
The Egyptian Exchange - YOUM7 (Archive)

CAIRO: The Egyptian Exchange (EGX) rallied during this week, which was limited for two trading sessions only, due to public holidays.

The market was shut on Sunday and Monday on Muslims’ Eid al-Fitr holiday. The EGX was also closed on Thursday, which has been announced an official holiday on the occasion of the anniversary of the July 23 Revolution.

The benchmark index EGX30 added 0.8 percent to end the week at 8,087 points, compared to 8,023 points a week earlier.

Market capitalization gained around 1.7 billion EGP ($2017 million,) registering 488.2 billion EGP, up from 486.5 billion EGP a week earlier.

Meanwhile, the small and mid-cap index EGX70 jumped 3.12 percent to close the week at 446 points, uo from 432.26 points in the previous week.

The broader index EGX100 also inched up 1.78 percent to close at 918 points, compared to 902 points in the previous week.

Total turnover amounted to 1.3 billion EGP, with 340 million securities traded over 44,000 transactions, compared to 3.9 billion EGP and 785 million securities traded over 82,000 transactions a week earlier.

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