Bourse gains 11.6bn pounds, index jumps 4.94%

The Egyptian Exchange (EGX) made a powerful performance during midday trading on Tuesday, pushed by intensive purchase by Egyptian investors following a statement issued by the Armed Forces giving 48 hours to settle the current crisis. The market capital gained 11.6 billion pounds to hit 333.2 billion pounds. The EGX 30 benchmark index rose 4.94 percent to close at 4,986.81 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) increased 5.75 percent, reaching 380.87 points. The all-embracing EGX 100 index was also up 4.4 percent to hit 761.26 points.