The EGX 30 index of the Egyptian Stock Exchange closed at more than 7000 points on Wednesday due to purchases by Arab and foreign investors. The index went up by 111 points to close at 7037 points, the biggest single day gain in the last three months.
Eighty-eight companies saw their stocks go up, while 76 companies saw their stocks go down. The total value of stocks traded was LE1.1 billion.
The stocks that went up include Arab Pharmaceuticals, National Development Bank and Housing Bank, each by ten percent. Talaat Mustafa Group, Orascom Constructions, Hermes Financial Group, Ezz Steel, and Telecom Egypt went up by four percent.
On the other hand, Misr Food, Rubix Plastics and Media City went down between four and seven percent, while Orascom Telecom, MobiNil and Pioneers went down by three percent.
Translated from the Arabic Edition.
