CAIRO: Egypt’s main index ended up 1.4 percent, boosted by a decent number of foreign and institutional investors participating after Friday results of a European bank stress test calmed jitters, analysts said.
"Trading is at tight ranges around 6,000 points … Foreigners and institutional investors continue their decent participation in the market," said Omar Darwish of CI Capital.
Orascom Telecom gained 1.9 percent, Commercial International Bank rose 1.1 percent and Orascom Construction added 0.9 percent.
The market still traded at historically low volumes which Darwish said is expected during "this dry period" ahead of the second quarter results season.
The index ended at 6,112 points, its highest close since June 29.
