Egyptian stock market ended trading session on Wednesday with a rise amid optimism in the aftermath of remarks made by Amr Moussa, head of the constitutional panel, over intentions by Field Marshal Abdel Fattah al-Sisi, defense minister, to run for president in March.
Moussa was quoted by media after his meeting with Sisi on Tuesday.
Total trading hit LE1 billion. Market capital earned LE3.6 billion to close at LE468.7 billion.
The main EGX30 index went up by 0.97 percent to close at 7,571.35 points, marking the highest level since April 2010. The small and medium stocks EGX70 index rose by 1.59 percent to 633,85 points, and the broader EGX100 index rose by 1.48 percent to 1,079.17 points.
Observers said trading session started on a rise affected by Moussa’s statements, which removed fears by some investors over the possibility that Sisi might not stand for elections
Edited translation from MENA
