Benchmark index EGX 30 was up by 0.76% to 30,363.15 points, with the Shariah-compliant index also in the green by 1.07% to reach 2,884.63 points
Egypt’s stock market reported a positive Tuesday trading session as news of the International Monetary Fund’s softening of certain conditions for its $8 billion loan to the country promoted an optimistic economic outlook.
Benchmark index EGX 30 was up by 0.76% to 30,363.15 points, with the Shariah-compliant index also in the green by 1.07% to reach 2,884.63 points.
EGX 70 climbed by 1.04% at 7,015.97 points, followed by EGX 100 with a rise of 1% to end the session at 10,042.90 points.
Tuesday trading saw the exchange of 1.15 billion shares, with a turnover of EGP 5.80 billion.
Market capitalization recorded at EGP 2.075 trillion.
Egyptian and Arab traders were net sellers with EGP 263.49 million and EGP 134.04 million, respectively. Foreign investors were net buyers with EGP 397.54 million.
Egyptian Exchange head Ahmed El-Sheikh had his term extended for another year by President El Sisi earlier today.
