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MENAFN - Kuwait News Agency - Arabic - 15/09/2012

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(MENAFN - Kuwait News Agency - Arabic) Egypt's bourse remained bullish for the fifth consecutive week, buoyed by investors' upbeat sentiments due to recovery of the national economy and positive corporate reports.

According to weekly report of the bourse, market capital gained, the past week, 9.4 billion pounds, reaching 391.8 billion pounds, in contrast to 382.4 billion pounds in the past week operations, rising by two percent.

AGX-30 index rose 2.15 percent closing at the level of 5,662 points -- the highest level posted since eruption of the revolution on January 25.

AGX-70 index for small and medium chips climbed 6.54 percent, concluding the week operations at 543 points. AGX-100 of a wider scale rose 4.27 percent reaching the level of 899 points. As to AGX-20, it rose 2.46 percent, closing at the level of 6,654 points.

The report indicated that the bourse witnessed, during the past week, continuous sell-off operations by Arab and foreign traders, leading to record substantial growth of trade volume, coupled with renewed flow of liquidity, comeback of investors and success of luring new ones.

 






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