Stock market recorded notable gains during the month of October, supported by the return of calm and stability to the street to the Egyptian political, especially after month saw the announcement of the military junta for specific tables for elections to the People's Assembly and Shura Council, which led to the return of investors to buy especially foreigners, Arabs, and which have had an impact positively on the behavior of foreign investors.
The monthly report showed that the stock market capitalization of the shares of listed companies in the market has won a 8.14 billion pounds during the month of October, up to 334 billion pounds compared to 2.319 billion pounds at the end of September the previous year.The major indices up and secondary market significantly during the month to win the main index / Eiji X 30 / proportion of 59.7 per cent registered 40.4451 points, as index jumped / Eiji X 20 - a specific weight / rate of 9.4 per cent for up to 70.4743 points.
Recovered indicators stocks of small and medium backed out strong buying from retail investors Egyptians and speculators to win the indicator / Eiji X 70 / about 16.6 percent, to close the month at 65.486 points, as the benchmark / Eiji X 100 SPX / month on a rise of 06.8 per cent to reach 66.764 points.
She Marwa Hamed analyst financial markets that the Egyptian stock had reached the lowest levels in its history during the month of September at rates far below their fair values, noting that the figures on the economic level, whether of the State or of the companies is much better compared to other countries where revolutions took place.
She pointed out that the market ignored the release of some reports of international institutions, which reduced the credit rating of Egypt, pointing out that the stock had fallen at rates higher than the impact of these reports as well as reports that these reports are temporary.
They noted that some major companies and leadership announced during the month of October many of the positive news on the head of Orascom Construction Industries, which has announced plans for a massive expansion outside Egypt with investments exceeding $ 5 billion.She explained that the fall of Gaddafi also helped in promoting the rise of Egyptian shares during the month of October, amid expectations of a major investment opportunities for Egyptian companies, especially in the field of contracting, construction and engineering industries.
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