The Egyptian stock market continued to rise strongly in the beginning of the day Wednesday, helped by purchases of Egyptian and Arab investors and foreign individuals on many stocks indifferent market sectors amid optimism about improved political, economic and security in the country in light of the course of the first phase of parliamentary elections.
Profit and market capitalization of companies listed on the stock exchange in the first five minutes of trading today around 4 billion pounds, up to 316 billion pounds compared tosome 312 billion pounds at the close yesterday.
Rose Mahralsouk Main / Eiji x 30 / by 5.1 per cent registered 47.4047 points, as index ofstocks of small and medium / Iggy X 70 / rose 7.1 percent to reach 34.459 points, theindex rose / Eiji X 100 SPX / rate of 4.1 per cent to reach to 82.710 points.
The exchange suspended trading on 20 companies to exceed the allowable rates of riseof 5 per cent.
The bourse has registered record gains during yesterday’s session exceeded 13 billion pounds, while the indicators jumped at rates ranging from 5 per cent and 8 per cent.