Stock indices rose collectively on Wednesday, supported by purchases of foreign investors against sales of Arab and Egyptian investors.
The main EGX30 index rose by 0.79 percent to 8,495.41 points, the small and medium stocks EGX70 index rose by 0.14 percent to 610.08 points, and the broader EGX100 index rose by 0.29 percent to 1,072.25 points.
Total trading stood at LE726.1 million in 22,600 transactions and the market capital earned LE2.2 billion.
Analysts expect more rises of the stock indices after Fitch Rating praised the government for reducing subsidies.
Edited translation from Al-Masry Al-Youm
