The benchmark index EGX30 increased by 0.19% to reach 17,549 points.
EGX100 records 0.33% increase in the first trading session post-Eid Al-Fitr - File Photo
The Egyptian Stock Exchange (EGX) kicked off trading on Wednesday, the first trading session after the Eid Al-Fitr holidays, with a collective rise in the indices.
The benchmark index EGX30 increased by 0.19% to reach 17,549 points, while EGX50 rose by 0.37% to reach 3,074 points.
Moreover, EGX30 weight index surged by 0.19% to reach 20,974 points. However, EGX30 total return index dropped by 0.07% to reach 7,281 points.
The small and medium enterprises index EGX70 also climbed by 0.41% to reach 3,004 points. Meanwhile, the EGX100 index went up by 0.33% to reach 4,564 points.
The Egyptian stock market continued to show resilience, recovering from the economic disruption caused by the COVID-19 pandemic.
The government's efforts to improve the business climate, as well as the recent economic reforms, have boosted investor confidence in the country. In addition, Egypt's diversified economy, which is supported by a strong tourism sector and favorable demographics, provides a solid foundation for long-term growth.
