Cairo – Mubasher: The Egyptian Exchange (EGX) tourism sector surged 4.53% to 194.2 points on Monday, its most high level in December.
The gains of the tourism sector followed the Central Bank of Egypt decision to establish a fund with capital of EGP 5 billion in order to restore the hotels, resorts and floating houseboats on the Nile across Egypt.
The tourism sector in EGX is composed of 17 stocks, where nine stocks have advanced, while three stocks declined and the remaining five ones stayed unchanged.
Trans Oceans topped the sector’s outperforming stocks, as it surged by 16.7%, followed by Egyptian Resorts as it added 9.71%, while Marsa Alam and Orascom Telecom added 8% and 7.9% respectively.
