Qatari deposit pushes stock market up by 1.08 percent

Qatari deposit pushes stock market up by 1.08 percent

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Wed, 09/01/2013 - 18:36

The stock exchange rose Wednesday after Qatar raised its financial support to Egypt by US$5 billion.

The sum included $4 billion as a deposit and $1 billion as a non-refundable graft.

The main index, EGX 30, increased by 1.08 percent, reaching 5,866 points, while EGX 70 increased by 0.30 percent, reaching 502.7 points. Meanwhile, EGX 100 increased by 0.47 percent, reaching 844 points.

However, shares sold by Egyptians were estimated at LE75.9 million, while nationals of other Arab countries bought about LE39.8 million in shares, and other nationalities bought about LE36 million.

The total capital market reached LE393.1 billion, after reaching LE390.4 billion Tuesday.

Edited translation from Al-Masry Al-Youm