Stock market continues to rise, earns LE3.2 bn

The Egyptian Stock Exchange continued to make gains on Thursday, supported by intensive buying on the part of corporations and domestic and foreign investment funds of blue chip shares in banking, housing and real estate, and amid continued optimism about the future of the Egyptian economy in the light of major national projects recently announced by President Abdel Fattah al-Sisi. 
Market capitalization earned LE3.2 billion to reach LE510 billion, the highest level since January 2011, in transactions of LE1.05 billion.
The main EGX30 index rose by 1.16 percent to 9152.95 points, its highest level since July 2008, the small and medium shares EGX70 index rose by 0.56 percent to 632.84 points, and the broader EGX100 index rose by 0.49 percent to 1125.47 points. 
Brokers said the market has been rising since the middle of the week. 
Edited translation from Al-Masry Al-Youm

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