Egypt’s stocks gain in midday trading on Tuesday as the main index EGX30 rises by 0.8 per cent recording 5.326.69 points.
The broader index EGX70 also gained 1.2 per cent.
Of around 185 currently listed stocks, more than 80 are seeing gains in a session witnessing a significant daily turnover of LE679.4 million.
Reuters reported that Egyptian shares bucked the falling trend after an anti-government rally failed to muster support and as the prospect of aid from the International Monetary Fund looks increasingly likely . President Mohamed Morsi also told Reuters there were no plans to devalue the pound.
Short link: