Stock market rises 0.11 percent
The Egyptian stock market experienced a positive shift during Monday's trading session, with the main index EGX 30 rising by 0.11% to reach 50,896 points after having declined by 1.3% to 51,602 points at the close of Sunday. The small and medium-cap stocks index EGX 70 also rebounded from a drop of 3.14% to an increase of 0.49%, while the broader EGX 100 index increased by 0.55% instead of declining by 2.86%. This recovery follows a loss of 160 billion Egyptian pounds in market capitalization last week, amid volatility in market performance over the past few days.
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