EGX Gains EGP 12.1 Billion after CBE Decision

The Egyptian Stock Exchange (EGX) indices recorded collective gains at the end of the trading session on Wednesday, after a decision from the Central Bank of Egypt (CBE) to establish a fund to promote liquidity, attract new investors on the stock market.

The benchmark EGX 30 index rose 2.2% to 10,702.18 points, following sharp losses in recent days.

The EGX 70 EWI, the broader index of the leading small and medium-sized enterprises (SMEs) rose 1.8% to close at 1,855.29 points, while The all embracing EGX 100 rose 2.02% to 2,795 points.

The market cap rose by EGP 12.1 billion to close at EGP 645.7 billion, with total transactions of EGP 3.3 billion.