Cairo – Mubasher: Acquisitions and transactions on the Egyptian Exchange (EGX) soared by 146% to exceed EGP 6 billion in 2017 from EGP 2.4 billion in 2016, chairman Mohamed Farid said.
Market capitalisation climbed by EGP 200 billion in 2017, Farid added during the EGX annual conference of 2017 on Tuesday.
The benchmark EGX30 index has hit an all-time high since 2009 rising 49% or EGP 292 billion in 2017 compared with the previous year, the chairman highlighted, pointing out that it is the highest fourth level the index has achieved in the EGX’s history.
