Yomna Yasser & Aya Salah Eddin - 2016-04-18 19:01:01
Egypt's bourse has surged Monday to a six-month closing high, lifted by foreign investors’ purchases and French President François Hollande’s current visit to the country to boost bilateral economic ties.
Hollande arrived in Egypt on Sunday, his second visit to the country in less than a year, has witnessed Monday the signing of several bilateral economic agreements.
Egyptian President Abdel-Fattah al-Sisi and Hollande witnessed Monday the signing of memorandums of agreement in a number of fields and projects, including training, electricity, generating renewable energy, the Cairo metro, and sewage system projects. The delegation accompanying Hollande includes over 60 French businessmen.
Cairo's main index, EGX30 gained 1.93 percent, to 7662.44 points as foreign investors bought shares aggressively.
EGX50 EWI index inched up 1.49 percent, to 1486.35 points; EGX20 also hiked 1.88 percent, to 8109.63 points.
Mid- and small-cap index EGX70 roses 0.18 percent, to 380.45 points. Price index, EGX100 also increased 0.49 percent to 806.77 points. More»