EGX 70 Index

CAIRO, Egypt, Capital Market in Africa — Egyptian stocks surged to an eight-month high on speculation that authorities will devalue the currency for the second time this year. Local investors fueled a fifth day of gains as a persistent dollar shortage forced the Egyptian pound to a record low in black market trading. The nation’s decision to weaken its currency by the most in 13 years last month has so far proved insufficient to attract foreign investment…

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity trading ended in a positive mood for the fifth session in a row at the end of today’s session, the highest level in two months. The equity market capitalization added nearly EGP 1.5 billion (about US$192 million) to end at EGP 402.892 billion relative to the previous market capitalization of EGP 401.359 billion.    The benchmark index EGX30 gained 32.80 points or 0.52 percent to close at 6,372.64…

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity trading ended in a positive mood at the end of today’s session, the last trading session in 2015. The equity market capitalization added nearly EGP 1.1 billion (about US$140.96 million) to end at EGP 429.79 billion (on the purchases of the local retail investors) relatively to the previous market capitalization of EGP 428.689 billion.  The Egypt equity market was battered during 2015, amid political and…

Cairo, Egypt, Capital Markets in Africa —– Egypt Exchange equity trading ended on a positive mood at the end of today’s session. The equity market capitalization added EGP 667 million (about US$85.3 million) to end at EGP 415.592 billion relatively to the previous market capitalization of EGP 414.925 billion.   The benchmark index EGX30 gained 36.75 points or 0.58 percent to close at 6,427.82 points. The equal-weighted indexes EGX50 grew by 0.33 percent or 3.66 points to trade at…

Cairo, Egypt, Capital Markets in Africa — Egypt Exchange equity indices ended on a positive note at the end today’s trading session. The equity market capitalization added EGP 1.5 billion (about US$192 million) to end at EGP 414.357 billion relatively to the previous market capitalization of EGP 413.425 billion.   The benchmark index EGX30 added 69.68 points or 1.10 percent to close at 6,391.07 points. The equal-weighted indexes EGX50 grew by 0.40 percent or 4.37 points to trade at…

Cairo, Egypt, Capital Markets in Africa —– The bearish sentiment persisted on the Egypt Exchange equity indices ended at the end Tuesday’s trading session. The equity market capitalization further dropped EGP 5.2 billion (about US$667 million) to end at EGP 413.425 billion relatively to the previous market capitalization of EGP 418.630 billion.   The benchmark index EGX30 dropped 129.93 points or 2.01 percent to close at 6,321 points. The equal-weighted indexes EGX50 dipped by 1.81 percent or 20.14 points…

Cairo, Egypt, Capital Markets in Africa — Egyptian Exchange equity indices ended in the South Pole and the equity market capitalization dropped EGP 5.3 billion (nearly US$679 million) to end at EGP 418.630 billion relatively to the previous market capitalization of EGP 423.944 billion.   The benchmark index EGX30 sagged by 156.21 points or 2.36 percent to close at 6,451.32 points. The equal-weighted indexes EGX50 slumped by 1.83 percent or 20.74 points to settle at 1,113.15 points. EGX70 index, which…