Egyptian stock exchange continues to rise
Egypt's stock exchange continued its uptrend for a fifth session to reach 5,473.2 on the EGX 30, rising by 2.7% since August 19.
Investor confidence has seemingly been reassured due to a quietening of the social upheaval that swept through the country as a result of the dispersal of two Muslim Brotherhood sit-ins on August 14.
The EGX 30 had showed a steady rise of almost 25% since June 24 from 4,523.32 - the index's all year low - up until August 13 at 5.645.27, one day before the dispersals.
Exhibiting similar behavior, the EGX 70 increased by 7.4% for the sixth session since August 18.
Despite a growth in indices, trading volumes remain low, indicating a cautious approach from investors toward the Egyptian market.
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