Gains
The United Nations Economic and Social Commission for Western Asia (ESCWA) said that bringing peace to Libya will lead to significant economic gains for the countries of the region, amounting to about $162 billion until 2025.
U.S. stocks are expected to keep rising in 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits.
The Egyptian Exchange (EGX) gained LE 32 billion this week as the market capital went up 4.1 percent to LE 820.7 billion compared to LE 788.7 billion in the previous week.
The Egyptian Exchange (EGX) gained EGP 24.5 billion in its four trading session during this week as the bourse is off Thursday.
Asian shares scaled a 10-year high on Wednesday on the back of solid economic growth globally.
U.S. stocks edged higher on Wednesday, extending their run of record highs, as data on the services sector added to signs of strength in the economy.
U.S. stocks were little changed on Wednesday as Apple-led losses in tech stocks were offset by gains in consumer discretionary and energy stocks.
Market capitalization gained LE 4.75 billion ($269 million) to reach LE 712.25 billion compared to LE 707.5 billion on Sunday.
U.S. job growth slowed more than expected in August after two straight months of strong gains.
The solid growth of the advisory, brokerage and asset management businesses helped the group’s revenues exceed the LE 1 billion mark for the quarter.
China's yuan firmed against the U.S. dollar on Monday after the central bank guided the currency higher for the fifth straight day.
The benchmark index EGX 30 fell 0.17 percent to close at 13,638 points, after foreign traders sold by LE 11.8 million.
Total turnover gained LE 231.7 million ($13.04 million) to LE 900.7 million, up from LE 669 million, while market capital slightly went down to LE 715.13 billion.
EGX’s market capital gained LE 4 billion ($225 million), totaling LE 715.8 billion compared to LE 711.7 billion on Thursday.
EGX ended Thursday in the green. The main index added 0.06 percent. Market capital gained LE 2.9 billion ($162.9 million), while turnover reached LE 883 million.
The benchmark index EGX 30 inched up 0.7 percent to close at 13,405 points.
The Egyptian Exchange saw mixed performance at Tuesday’s end. Total turnover grew LE 101 million ($5.6 million) to LE 790.9 million after LE 680.8 million Monday.
The Egyptian Exchange (EGX) closed Monday in the red. Total turnover grew LE 47.8 million ($2.6 million) to LE 680.8 million after LE 633.3 million Sunday.
The Egyptian Exchange (EGX) ended Sunday’s session on a negative performance, weighted by foreign sales.
EGX ended Thursday on negative note. Turnover leveled down to LE 760 million from LE 919.97 million achieved Wednesday.
