Stock exchange indices rose considerably on Sunday, supported by liquidity injected by the sale of Orascom Construction Industries and a reduction in interest rates by the central bank.
The half-percent reduction, for interest rates on deposits and credit, marks the first of its kind in four years.
The EGX30 index rose by 2.88 percent to hit 5530.4 points, the small and medium shares EGX70 index rose by 1.34 percent to close at 434.8 points, and the broader EGX100 index rose by 1.46 percent to 743.5 points.
Total trading hit LE393.8 million in 16,800 transactions, with Egyptian investors buying at the end of the session, while Arab and foreign investors sold shares.
The market capital gained LE5.7 billion in profits, hitting a total of LE364 billion.
Edited translation from Al-Masry Al-Youm
