Egypt bourse gains EGP 3.6m, main index up 1.59%

Egypt's Stock Exchange (EGX) indices closed Monday's transactions with a rise amid news of backtracking a decision to impose taxes on major transactions on the stock market. Disregarding the violence which took place in the Coptic Christian Cathedral in the Abbasiya district, the market capital gained about 3.6 billion pounds to hit 353.7 billion pounds. The EGX 30 benchmark index edged up 0.59 percent to close at 5,112.76 points. The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) followed suit with a 1.63 percent increase taking the index up to 440.35 points. The all-embracing EGX 100 index also inched up by 1.43 percent to hit 736.26 points.