Egyptian stock indices rose considerably on Tuesday due to strong purchases by Egyptian and foreign investment funds in the housing, real estate, telecommunications and petrochemical sectors.
The capital market earned LE2.4 billion to reach LE485.2 billion in transactions of LE1.1 billion.
The main EGX30 index rose by 0.78 percent to 8,370 points, the small and medium stocks EGX70 index rose by 0.87 percent to 615.45 points, while the broader EGX100 index rose by 0.85 percent to close at 1,075 points.
Brokers await the second part of the television interview with presidential candidate Abdel Fattah al-Sisi to know how his economic platform would impact the capital market.
The Egyptian Stock Exchange held a conference on Tuesday in cooperation with the Cabinet, in which Prime Minister Ibrahim Mehleb stressed the importance of the stock market in financing public and private projects.
For his part, Stock Exchange Chairman Mohamed Omran said the stock market is ready to offer IPOs of national projects.
Edited translation from Al-Masry Al-Youm
