Cairo – Mubasher: The benchmark EGX30 index rose 17% year-to-date through 5 December, according to a recent report by the National Bank of Kuwait (NBK).

The Egyptian Exchange (EGX) witnessed a healthy recovery as the EGX30 index surged 72% to-date following the Egyptian pound flotation, the bank added.

 “The index valued in US dollars is down 15% to-date from the end of October 2016,” the report indicated.

The EGX is forecast to maintain the positive performance to hit new records until the first quarter of 2018, analysts told Mubasher.