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Egypt's main index up 2 pct

Egypt's PMI rose to 51.2 in August, up from 49.2 the previous month, a survey revealed on Thursday

Ahram Online , Thursday 3 Sep 2015
Egyptian traders work on the floor of the stock market
Egyptian traders work on the floor of the stock market in Cairo, Egypt (Photo: AP)
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Egypt's main index EGX30 rose by 2.01 percent to close at 7,297 points after Thursday’s session.

Egypt's largest private lender Commercial International Bank (CIB), which accounts for 22 percent of the index market cap, rose 2.85 percent to LE49.5 per share.

Business activity in Egypt's private sector excluding oil grew in August at the fastest pace of 2015, according to a survey by the Emirates NBD Egypt Purchasing Managers' Index.

Egypt's PMI rose to 51.2 in August, up from 49.2 the previous month, the survey revealed on Thursday.

The highest gains of Thursday's session were made by El-Sewedy Electric followed by Arab Cotton Ginning, rising by 5.07 percent to LE42.5 per share and 4.84 percent at LE2.62 per share respectively.

Outside the main index, El Ahram Co. for Printing and Packing saw its share price gain 7.82 percent to close at LE11.29.
 

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