Egyptian Stock Market Gains EGP 6.4 Billion

The Egyptian Stock Exchange (ESE) closed this week with gains amounting to EGP 6, 4bn pushed by positive news about closing major acquisition deals in the market, especially in the banking and financial services sector.

During the course of this week, the benchmark EGX 30 index edged up 1.72 % to close at 5,703 points.

The broader EGX 70 index of the leading small- and medium-sized enterprises (SMEs) gained 3.71 % increase registering 483 points.

The overall EGX 100 index followed suit with 2.65 % taking the index up to 811 points.