Egyptian stock market returns to profit after a series of losses



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Egyptian stock indexes rose sharply at the close of trading on Monday, buoyed by purchases of foreign and domestic institutions and investment funds, while Arab investors tended to sell.

The market capitalization of publicly traded shares closed at 2.9 billion Egyptian pounds, closing at 728.4 billion Egyptian pounds after a series of losing sessions above 2 billion Egyptian pounds.

The EGX30 index rose by 0.8% to 13,684.57 points, while the Small and Medium Equities Index (EGX70) rose by 0.04% to reach the level of 531.28 points, and the larger index (EGX 100) of about 0.17%. To reach the level of 1374.7 points.

At the close of trading, the shares of 80 companies increased, while the stock prices of 40 companies allowed 49 companies to keep the prices of previous closures.

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