Egyptian Stock Exchange continued to rise for fourth straight session, exceeding 4 thousand point barrier again, amid optimism the contribution of the success of the parliamentary elections in the stability of the political and economic situation of the country.
The index of the shares of the main active «Egx 30» about 0.82%, after gaining 32 points, to settle with the closure at the level of 4020 points.
As prices rose indication «Egx 70» and «Egx 100» the broader rise of prices after the closure of the 123 securities, compared to 46 and drop sheet, total transactions amounting to 343.5 million pounds.
The management decided to stop trading on the Stock Exchange of 22 securities, due to rise by more than 5% during the first hour of the session, where the Egyptians tended to buy and the Arabs, which maintained the upward trend of the market.
And successfully shares to recover about 3.1 billion pounds from the previous losses, bringing the total reclaimed during the last four sessions to 24.4 billion pounds, compared to a loss of about 30 billion pounds last week. Said Mohsen Adil, managing director of the Pioneers for the management of investment funds, the market continued to rise, but less powerful than yesterday.
In this context, Dr. Hisham Tawfiq, a member of the Board of the Stock Exchange, the market is awaiting the results of parliamentary elections, especially as it will be a pointer to the movement of transactions in the coming period
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