Egyptian Exchange capital gains EGP 22.3bn last week

The Egyptian Exchange indexes closed last week up and the market capital gained EGP 22.3 billion to hit EGP 504.5 billion or 4.6 percent higher than the week before, refreshed by a government decision to freeze the capital gains tax on the stock market for two years.

During the course of the week, the benchmark index EGX30 jumped 8.25 percent to 8,988 points, said a weekly report issued by the Egyptian Exchange, of which MENA received a copy.

The broader EGX70 index of the leading smaller and mid cap enterprises (SME) soared 9.3 percent, reaching 481 points.

The all-embracing EGX100 index was also up 8.68 percent to hit 1,004 points.