Egyptian shares have recovered during Thursday's session part of their large losses from the previous two days, following the Arab markets rebound, dealers said.
The EGX30 Index soared 3.39 percent to record 8,399.89 points. Meanwhile, the EGX70 and the EGX100 closed on a strong a positive note, up 2.01 percent and 2.3 percent respectively.
EGX market capital gained LE11.3 billion (US$1.58 billion) to hit LE476.01 billion compared to LE464.7 billion on Wednesday.
The market had lost over $3.8 billion in the space of the last two days after oil prices plunged significantly.
Stock markets in Saudi Arabia and the United Arab Emirates soared on Thursday after the price of oil rebounded and the Riyadh government eased investors' fears by saying it would continue spending heavily on economic development, according to Reuters.
