Stock exchange continues upward trend in the new year
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Stock exchange continues upward trend in the new year
On
Thu, 03/01/2013 - 17:59
Stock exchange indexes rose at the end of trading on Thursday, supported by strong purchases from foreign investors. Market capitalization gained about LE4.3 billion.
The EGX30 rose by 1.7 percent, gaining 100 points to settle at 5,745 points, with active transactions of 591.3 million.
Purchases dominated the net trading of non-Arab foreign investors, while the net trading of Egyptians and Arabs tended toward sales.
Market capitalization reached 388.7 billion, with total gains from the first two trading sessions of the New Year going up by 13 billion.
Mahmoud Abdoul-Rahman, investment director at Premiere Brokerage Company, predicted that the market would continue to go up as the government renews efforts to push the economy forward and establish political stability.
Edited Translation from Al-Masry Al-Youm
On 6 April, security forces clashed with hundreds of protesters, most of them from the April 6 Youth Movement, during a...
Protesters block traffic in Tahrir Square, after Security forces re-opened it, and removed barbed wires, and iron...
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