Stock indices rose collectively by the end of Thursday’s session amid investor optimism about Russia supporting the nomination of Sisi for the presidency, which boosted purchases of Arab and foreign investors.
The main EGX30 index rose by 0.26 percent to close at 7590.71 points, the small and medium stocks EGX70 index rose by 1.43 percent to hit 642.91 points, and the broader EGX100 index rose by 1.61 percent to 1096.56 points.
Total trading reached LE769.5 million in 37,600 transactions and the market capital earned LE1.9 billion to end the session at LE470.6 billion.
Ihab Said, a financial expert, said there was a remarkable improvement in the indices last week, as they scored an average daily dealing of LE870 million, compared to LE785 million the week before.
He attributed it to the stability of the political situation, with the exception of a few terrorist operations, and to Russia’s support for Sisi.
Edited translation from Al-Masry Al-Youm
