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EGX sees positive performance in Q3, 9M

EGX sees positive performance in Q3, 9M
Photo Credit: Arabianeye-Reuters

Cairo – Mubasher: The benchmark index of the Egyptian Exchange, EGX30, rose 13.5% or 938.59 points to reach 7881.11 points by the end of the third quarter as compared to the end of the second quarter when it closed at 6,942.52 points.

EGX70 inched up 0.2% to close at 351.62 points, while EGX100 grew 6.3% quarter-on-quarter to reach 790.26 points.

EGX’ market cap increased by EGP 22.3 billion to reach EGP 404.84 billion by the end of the third quarter as compared to EGP 382.55 billion by the end of the second quarter that ended in June.

From January to September of 2016, EGX’s main index gained 12.5% or 875.1 points by the end of the first nine months of 2016 as compared to its closing by the end of December 2015 when it reached 7,006.01 points.

EGX70 index levelled up 2.1% by the end of September from the end of December 2015 when it closed at 344.48 points. 

The market cap decreased by EGP 24.9 billion from January to September to reach EGP 404.84 billion from EGP 429.79 billion.