Stock indexes recorded a collective increase of 0.95 percent at Thursday’s close, amid optimism among investors after President Mohamed Morsy’s speech on Wednesday.
Investors were reportedly reassured by news the army has been deployed in different parts of the country to maintain order on 30 June.
Market capitalization made LE2 billion in profits, reaching LE319.5 billion in total, thereby bringing its weekly gains to LE3.3 billion,
Trading recorded a marked improvement for up to LE240 million.
The EGX30 index, which measures the performance of the 30 most active public companies, went up 0.95 percent to close at 4685.09 points.
“Egyptian and Arab investors made the purchases in today's session,” Mahmoud al-Banna, a capital market analyst, told the state-owned MENA news agency..
Edited translation from MENA
