Egypt bourse gains EGP 5 billion in first five minutes

The Egyptian Exchange (EGX) indexes achieved collective gains in the first five minutes of Sunday 26/4/2020 trading session prompted by purchases by Egyptian and Arab institutions and investment funds.

The purchases came following Prime Minister Moustafa Madbouli’s statements but the gradual re-opening of national economy after Eidul Fitr.

The market capital gained EGP five billion pounds to hit EGP 560.5 billion.

The bourse decided to suspend trading on 25 stocks for 10 minutes after reaching maximum rise level of 5 percent.

The EGX 30 benchmark index jumped 1.35 percent, registering 10,256.66 points.

The broader EGX 70 EWI index of the leading small and mid-cap enterprises (SMEs) increased 2.5 percent, recording 1,174.71 points.

The all-embracing EGX 100 index was up 1.1 percent, hitting 1,107.16 points.

Source: State Information Service Egypt