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EGX gains EGP99.4bln, benchmark jumps 45% in 9M14

EGX gains EGP99.4bln, benchmark jumps 45% in 9M14
During the first nine months of 2014, indices of the Egyptian Exchange (EGX) headed north, as the benchmark index EGX30 rose by more than 44.65% or 3028.56 points to reach 9811.40 points at the end of September, 2014 compared with 6782.84 points at 2013-end.
The small and mid-cap index EGX70 also rose 17.5% or 95.11 points to reach 637.30 points, compared with 542.19 points.
The broader index EGX100 grew 26.5% or 244.78 points to 1167.93 points, compared with 923.15 points at 2013-end.
Market capitalization increased during the nine-month period by more than EGP 99.4 billion to reach EGP 526.2 billion, compared with EGP 426.8 billion at the end of 2013.
Q3-14
During the third quarter of 2014, the benchmark index climbed 20.2% or 1649.2 points to 9811.40 points at September-end compared with 8162.20 points at the end of June, 2014.
EGX70 rose 7.8% or 46.16 points to 637.30 points, from 591.14 points and EGX100 gained 12.9% or 133.67 points to 1167.93 points, from 1034.26 points.
Market capitalization rose more than EGP 48.6 billion in the third quarter to reach EGP 526.2 billion, from EGP 477.6 billion.
September, 2014
During September, 2014, EGX indices showed mixed performance, with the benchmark rising 3.9% or 364.57 points to 9811.40 from 9446.83 at August-end.
EGX70 fell 3.5% or 23.14 points to 637.30 points from 660.44 points.
Market capitalization gained more than EGP 2.32 billion to reach EGP 526.20 billion, compared with EGP 523.88 billion.