EGX bounces back on Arab purchases, benchmark up 2%
Egyptian Exchange - YOUM7

CAIRO: The Egyptian Exchange (EGX) rebounded at the close of Thursday’s session, tracking regional stock markets

Pushed by a strong buying spree among Arab traders, Egypt’s benchmark index EGX30 hiked 2.03 percent to 7,296 points, up from 7,150 points on Wednesday.

Similarly, the small and mid-cap index EGX70 edged up 1.79 percent to end at 394.85 points, compared to 387.9 points in its last session.

The broader index EGX100 also gained 1.39 percent to close at 846.3 points, after 834.69 points on Wednesday.

Market capitalization added around 5.7 billion EGP ($728.1million,) totaling 450.4 billion EGP, compared to 444.7 billion EGP.

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