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Market Update: Egypt stocks rally Wednesday morning

Egypt's stock exchange opens in the green with EGX30 rising by 1.02 percent ahead of US Federal Reserve decision

Ahram Online , Wednesday 16 Sep 2015
EGX 30
File photo, workers at Egypt's stock exchange market are seen in the trading hall in Cairo, Egypt. 13 April, 2011 (Photo: Reuters)
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Egypt's stocks continued to rise on Wednesday morning, continuing their upward trend for the fourth day in a row.

The main EGX 30 index rose by 1.05 percent to sit at 7246.55 points an hour into the session. The broader EGX 70 also rose by 0.58 percent.

The US Federal Reserve Open Market Committee (FOMC) is meeting today to set its new interest rates.

Turnover marks a feeble LE71 million so far, with 53 stocks gaining value while six suffered losses. 

 

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