Cairo-Mubasher: The Egyptian Exchange's (EGX) indices rose last week, with the market capitalisation adding nearly EGP 12.98 billion ($1.65 billion) to EGP 428.57 billion compared with EGP 415.59 billion a week earlier.
EGX30 climbed 5.47% to 6,779.28 points, while EGX50 moved 3.58% higher to 1,140.48.
EGX70 rose 3.56% to 362.91 pts, while EGX100 added 3.4% to 770.79.
The parliament election ended last week, which is considered the first step for the completion of roadmap.
Ehab Al-Said, head of technical analysis at Osool ESB Securities, said the strong rally seen by the market on Wednesday and Thursday is considered a correction rebound in the medium-term, especially as the economic conditions are still tough and the monetary policies have not witnessed any changes.
Translated by Abdul Maguid Aboshahla
