Cairo - Mubasher: The Egyptian Exchange (EGX) rose in August on the back of a positive sentiment supported by the outlook upgrade by Moody’s to Egypt’s credit rating.
The benchmark index EGX30 ended a three-month declining streak, and rose by 2.75% in August, as it closed on Thursday at the level of 16.009.41 points, up 4.8% for the week.
Market capital went up by EGP 8.1 billion to a total EGP 881.7 billion in July.
Meanwhile, the small and medium sized enterprise index EGX70 levelled up 0.38%, as it ended the month at 747.38 points, and was up 1.27% for the week.
The broader EGX100 gained 0.32% in August, and closed at 1,936.41 points, posting weekly gains of 2.12%.
The equal-weighted index EGX50 added 0.75% by the end of the month, supported by weekly gains of 3.6%.
It is worth noting that the previous week has only one trading session on Sunday due to the Eid holiday.