Indices of the Egyptian Exchange (EGX) moved higher in August, 2014, amid upbeat investor sentiment following the announcement made by President Abdel Fattah El-Sisi about the launch of the new Suez Canal, in addition to the issuance of investment certificate to finance the project.
The benchmark index EGX30 rose 7% or 620.55 points to reach 9446.83 points, compared with 8826.28 points at the end of July.
The small and mid-cap index EGX70 also added 5.13% or 32.22 points to 660.44 points, compared with 628.22 points.
The broader index EGX100 gained 5.5% or 61.33 to 1170.10 compared with 1108.77 points.
Market capitalization increased more than EGP 22.822 billion to reach EGP 523.880 billion, compared with EGP 501.058 billion at the end of July, 2014.
The benchmark index EGX30 rose 7% or 620.55 points to reach 9446.83 points, compared with 8826.28 points at the end of July.
The small and mid-cap index EGX70 also added 5.13% or 32.22 points to 660.44 points, compared with 628.22 points.
The broader index EGX100 gained 5.5% or 61.33 to 1170.10 compared with 1108.77 points.
Market capitalization increased more than EGP 22.822 billion to reach EGP 523.880 billion, compared with EGP 501.058 billion at the end of July, 2014.
Source:
Mubasher Exclusive
