The CASE 30 Index, which tracks the top 30 stocks on the Cairo and Alexandria exchanges, closed at 5,603 points yesterday, a 53 point increase from the previous day.
Stock prices have been volatile and declining over the past month due to uncertainty regarding the Telecom Egypt initial public offering (IPO).The market had continued to decline on Wednesday despite the opening of the IPO, as investors sold their shares to accumulate funds for participation in the IPO.
