Egyptian stock exchange rebounds as capitalisation gains 4bn pounds
By the AFREEQUE newsroom, based on Youm7
Egypt’s stock exchange ended Tuesday’s session higher, with all its indices rebounding and market capitalisation gaining 4 billion pounds. The recovery, driven by purchases from Egyptian investors, came after two sessions of sharp declines, according to Egyptian daily Al Youm Al Sabea.
Egypt’s stock exchange ended Tuesday’s session in positive territory after two sessions of sharp declines. Egyptian and Arab investors favoured buying, while foreign investors mostly sold. Trading reached 10.5 billion Egyptian pounds and market capitalisation rose by about 4 billion pounds to 4.304 trillion pounds, according to Egyptian Stock Exchange data.
The EGX 30 index, which groups the leading stocks listed in Cairo, gained 0.21% to 54,909 points. The capped EGX 30 rose 0.38%, while the EGX 30 total return index advanced 0.19%. Conversely, the EGX35-LV index, composed of low-volatility shares, fell 0.21% to 6,754 points.
