Cairo – Mubasher: The Egyptian Exchange (EGX) ended Monday’s trading session on a positive note, after giving up some of its earlier gains that led to trade suspension after a noticeable surge.

Benchmark index EGX30 went up by 3.04% and closed at 10,047 points.

The market cap gained EGP 16.4 billion today, as it ended the session at the level of EGP 540.8 billion.

Meanwhile, EGX70 EW rose by 4.01% to 904 points, while the broader index EGX100 gained 4.32% and settled at 1,011 points.

Traded values amounted to EGP 1.08 billion, as 313.4 million shares were traded through 30,407 transactions.

Foreign investors were net sellers at EGP 8.72 billion, while Egyptian and Arab investors showed a mostly buying activity with net EGP 8.29 billion and EGP 432.9 million, respectively.

Positive sentiment among investors resulted from governmental promises after President Abdel Fattah El-Sisi asked the central bank to allocate EGP 20 billion to support EGX.

The government recently lowered the stamp tax and energy prices for factories, in a bid to face the impacts of the new coronavirus (COVID-19) epidemic on the market.