Protests against the president has led stock exchange to incur severe losses over the past two weeks. It has, however, shown signs of recovery on Sunday(Photo: Reuters)
Egypt’s stock market registered significant gains on Sunday morning, with the main EGX30 index gaining a healthy 5.02 per cent to stand at 5,081 points.
The stock market suffered heavy losses during the past three weeks; analysts predict however that the termination of the controversial decree could put an end to the political uncertainty and send the stock market back to its recovery.
The broader-based EGX 70 index rose by 2.08 per cent. Out of 133 shared traded until noon, some 103 registered gains while only 5 incurred losses.
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