For the third consecutive day, the Egyptian exchange saw a considerable increase, as more Egyptian investors bought stock, while Arab and foreign investors tended to sell.
Egypt’s stock exchange benchmark, the EGX 30 index, increased by around 1.84 percent, exceeding 6900 points and closing at 6926 points. The price indicator rose by around two percent, after the closing prices of 110 securities increased and 51 others decreased.
Total transactions exceeded LE950 million and leading stocks increased by percentages ranging between 0.5 percent and five percent, led by Orascom Telecom, EFG Hermes, Orascom Construction Industries, Talaat Mostafa Group, Ezz Steel, and Pioneers Holding for Financial Investments.
Ramco, a tourist village construction company, announced it has signed an agreement with JP Morgan investment bank to issue US and international certificates of deposit over the coming period.
Translated from the Arabic Edition.
