Stock exchange up LE1.4 billion

Stock exchange indices collectively rose by the end of Tuesday trading in Egypt, following a decline in the last four consecutive sessions on the back of ongoing instability.
Market capital made LE1.4 billion in profits, hitting LE357.9 billion in a total trading of LE238.8 million.
The main EGX30 index went up by 0.76 percent to close at 5326.46 points, while the small and medium stocks index – the EGX70 – rose by 0.09 percent to 429.31 points.
The broader index, the EGX100, also increased by 0.42 percent to 732.11 points.
Brokers said Egyptian companies and funds bought from major corporations, such as Telecom Egypt, Orascom Telecom and Orascom Constructions, while Arab and foreign investors leaned more towards selling.
“The market is waiting for the break-up of [former President Mohamed] Morsy's supporters sit-ins, and the liquidity from the sale of Orascom Construction Industries,” said Mahmoud al-Banna, a market analyst.
Edited translation from MENA

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