Weekly trading on Monday commenced with Egypt's stocks hitting an 8-month high, as Sunday was a day-off for the 40th anniversary of the country's 1973 war with Israel.
The main index EGX30 rose 0.7 percent, recording 5,765 points as investors maintained confidence in the situation in Egypt, deeming that it will make a turn for the better, said Eissa Fathi, vice-head of the securities division at the Cairo Chamber of Commerce.
"Investors ignored the violence on Sunday, when deadly clashes occurred between Brotherhood supporters and security," Fathi added. "They're [investors] getting used to such scenes."
The broader index EGX70 inched up 0.6 percent in a session that saw a daily turnover of the listed securities worth some LE373.8 million.
The market's bellwether Commercial International Bank slightly gained 0.1 percent, followed by the listed real estate developers Palm Hills, Talaat Mustafa Group and Six of October Development and Investment, which rose by 0.2, 1 and 0.1 percent respectively.
Foreign investors ended trading as net-sellers of some LE5.1 million, while Egyptians were net-buyers of some LE6 million.
The EGX30's listed Arab Polvara Spinning & Weaving Co. was among top gainers, hitting 9.6 percent.
This article was corrected on 8 October, 2013 to indicate that the level reached by the EGX30 index on Monday was in fact the highest in eight months, rather than three.
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