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EGX Egypt gains LE 20.9B

EGX Egypt gains LE 20.9B

Cairo:  The Egyptian Exchange (EGX) indexes posted collective gains in Sunday morning transactions, due to stability in the country and the Central Bank of Egypt's (CBE) decision to lower the interest rates for the second time by 2.5% over a period of six weeks, which had a positive impact on the Bourse's performance by purchases of foreign institutions and investment funds.

The market capital gained EGP 20.9 billion to reach EGP 716.7 billion.

The EGX 30 benchmark index increased by 3.3 percent, recording 14,315.79 points.

The broader EGX 70 index of the leading small and mid-cap enterprises (SMEs) rose by 3.82 percent, closing at 518.89 points.

The all-embracing EGX 100 index also inched up by 3.74 percent, standing at 1,389.72 points. Source: MENA 



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