The Egyptian stock market made some gains this week despite political and economic uncertainty resulting from calls for mass protests.
The stock exchange’s main index (EGX 30) rose 1.89 percent, reaching 5438.8 points on Thursday.
Stock purchases by foreigners helped the stock market make up for some of Wednesday’s losses. Foreigners purchased stocks in Talaat Mostafa Group, Orascom Telecom, CIB, and Telecom Egypt.
The main index climbed more than 1.5 percent during the week and gains in the market value of stocks reached approximately LE435 million.
Several youth movements established after the 25 January uprising, as well as some political parties, have called for mass protests on 30 June to demand early presidential elections and an end to the rule of the Muslim Brotherhood.
