Daily News Egypt

EGX boosted to its highest record in 19 months - Daily News Egypt

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EGX boosted to its highest record in 19 months

This comes after the CBE decided to liberalise the exchange rate of the national currency


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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https://cdn2.dailynewsegypt.com/2016/11/03/egx-boosted-highest-record-19-months/
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