EGX boosted to its highest record in 19 months

Daily News Egypt
1 Min Read
The Egyptian stock market indices continued to drop for the fourth consecutive day, reportedly affected by the Greek economic crisis, the drop in China’s capital market and domestic fears of militant attacks. (DNE File / Mohamed Omar)

The main benchmark EGX30 climbed by 8.3% at the start of Thursday’s session, after the Central Bank of Egypt (CBE) decided to liberalise the exchange rate of the national currency. The main index hit 9231.01 points, its highest level since 24 March 2015.

The small and medium business index EGX70 rose by 2.91% after an hour of trading to reach 354.45 points. The index EGX100 jumped by 2.69% to 830.52 points.

The turnover was EGP 460m as of 11am.

Foreign and Arab net purchases amounted to EGP 29.9m and EGP 4.9m, respectively, while Egyptians sold EGP 34.8m.

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