Egyptian stock market recovers

The Egyptian bourse recovered some 3.6 billion pounds of its market capital in the past week trading after the stock market indices rose due to hefty trade by local and foreign dealers. The market weekly report said the bourse market value reached, in the end of the past week, 389.1 billion pounds, compared to 385.5 billion in the end of the week before, with a one percent rise. In the meantime, all the other main and minor indexes rose. The top index (EGX30) rose 1.8 points to 5,005.00 points. The index of the small stocks, (EGX70) increased 2.02 percent to 617.40 poingts, while the (EGX100) climbed 11.4 percent to 941.42 points. Volume of the traded shares reached 443 million, done through 151,000 transactions, in contrast to (two billion pounds) 287 million of 118,000 deals of the previous week.