2 Days
Source:
المصري اليوم
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Market value boost improves stock indicators
The Egyptian stock market recorded collective gains following the announcement by S&P Dow Jones Indices that Egypt remains classified as an emerging market and that the Central Bank has maintained its interest rate. During the session, the market's total market capitalization increased by 60 billion Egyptian pounds, reaching 4.278 trillion pounds. The EGX 30 index rose by 1.12% to close at 55,350 points, while the EGX 70 index increased by 3.87% to 21,621 points. The stability results prompted local investors to buy with a net purchase of 155 million pounds, while Arab and foreign investors recorded net sales. The continued classification and interest rate stability reflect a positive trend that supports ongoing growth in the medium and long term, with expectations of further foreign capital inflows and a boost in investor confidence.
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