Egypt’s stock market is gaining 7.2 billion pounds and its index jumps 1.29% to close

Media In / Agencies 02-01-2019
Strong buying by foreign and Egyptian mutual funds and financial institutions, with a view to opening new financial centers, prompted Egypt’s stock indexes to rally massively today.
The main market index, EGX30, rose 1.29% to record 13,204.37 points. The index of small and medium-sized shares (EGX70) rose 0.59% to 697.91 points.
The gains extended to the broader EGX 100 index, which added 0.63% to its value, ending trading at 1738.04 points.
The market capitalization of shares listed on the Egyptian Stock Exchange reached LE 756.9 billion after a total market turnover of EGP 580 million.