Cairo – Mubasher: The Egyptian Exchange gained over 1,000 points in January, boosted by a group of incentives.
The benchmark EGX30 index went up 8.5% to 14,126.68 points, whereas the EGX70 index lost 1.4% to 683.84 points and the EGX100 decreased by 0.25% to 1,722.86 points.
Over the month, market capitalisation grew by EGP 43.6 billion ($2.47 billion) to EGP 793.4 billion.
The EGX saw a group of incentives towards the end of the month, including the increase in the EGP’s exchange rate against the US dollar.
Earlier in January, the Central Bank of Egypt’s (CBE) governor Tarek Amer stated that the EGP would see more volatility.
The Commercial International Bank’s (CIB) stock surged 12.05% to EGP 83.1.
