The benchmark EGX30 increased 1.19 percent, or 170.52 points, to end at 14,498.29 points.
The benchmark EGX30 increased 1.77 percent, or 249.24 points, to end at 14,327.77 points.
“The platform stopped the price movement until the market stabilized, in light of the existence of crude manipulation under the illusions of supply and demand, in addition to the existence of a discrepancy in prices within the market,” Saeed Imbaby, CEO of the "iSagha" platform, said.
On Nov. 30, Agthia Group announced the completion of its acquisition of a 60 percent stake in Auf Group at a value of LE 2.9 billion.
The benchmark EGX30 increased 3.22 percent, or 438.8 points, to end at 14,078.53 points.
The discovery will be a huge boost to Egypt which has seen its output fall from a peak of 7.2bn cfd last September to 6.5bn cfd for Q3.
The benchmark EGX30 increased 1.41 percent, or 174.51 points, to end at 12,515.71 points.
Egypt announced reform procedures followed by announcing securing financing packages worth $9 billion.
The benchmark EGX30 hiked 0.26 percent, or 28.65 points, to end at 11,100.67 points.
This came in response to the Central Bank’s decision to raise interest rates by about 2 percent in an exceptional meeting, and the flexibility to move the exchange rate against foreign currencies.
Madbouli elaborated that the document aims to develop a clear and specific regulatory framework for regulating relations in economic activities between the state and the private sector.
This came during El-Said’s participation in Egypt’s Economic Conference which is currently being held for three days in the Administrative Capital in Egypt.
He noted during Egypt’s Economic Conference that the CBE enjoys complete independence, and at the same time there is coordination with the government and the private sector as well.
Maait elaborated that Egypt’s budget deficit recorded its highest rate during the period between 1980 to 1985, reaching 13.8 percent, before it started to decline to range from 4.4 percent to 6 percent.
In the following lines, Egypt Today (ET) reviews Sisi’s most prominent statements at the economic conference during its first activities.
Madbouli delivered a speech at the beginning of the activities of the first day of the conference, which will last for three days, under the title (The Egyptian Economy in Forty Years... What Next?)
The benchmark EGX30 rose 1.15 percent, or 117.19 points, to end at 10,273.53 points.
The benchmark EGX30 inched down 0.07 percent, or 7.22 points, to end at 10,156.34 points.
In Egypt, black sand is available on the coast overlooking the Mediterranean Sea from Rasheed to Rafah with a length of 400 km. It is spread by sea currents and waves in those areas and present in the sand dunes.
The benchmark EGX30 increased 0.15 percent, or 15.16 points, to end at 10,163.56 points.