Bourse gains EGP 11bn at close of week trading

The Egyptian Exchange (EGX) indexes recorded collective gains at the end of today's trading backed by purchase operations by institutions and Arab and foreign investment funds.

A state of optimism prevailed among investors after the Central Bank of Egypt issued a decision to float the exchange rate, a matter which will contribute to stabilizing the market and encouraging investors.

The market capital gained about 11.5 billion pounds to end today's transactions at 428.7 billion pounds, after total transactions which reached about 1.6 billion pounds.

The EGX 30 benchmark index went up by 3.35 percent to reach 8,810.51 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) increased by 1.83 percent to reach 350.73 points.

The all-embracing EGX 100 index rose by 1.68 percent to reach 822.33 points.