EGX gains $3B in 1st quarter, benchmark hikes 5.2%

CAIRO – 2 April 2017: The Egyptian Exchange (EGX) indexes were collectively up during transactions of the first quarter of 2017 (January-March).

Market capitalization gained about 54 billion EGP ($2.99 billion) over the first quarter of the year, reaching 660 billion EGP, an increase of around nine percent compared to the previous quarter (October-December), the EGX said in its quarterly report.

The benchmark EGX 30 index rose 5.26 percent, closing at 12,995 points, read the report.

The small and medium-sized enterprises index (EGX 70) soared 22.93 percent, recording 570 points.

Also, the all-embracing EGX 100 index was also up 21.14 percent, standing at 1,328 points.