Egypt's main stock index climbs up by 0.96 pct

Wednesday 03-02-2016 05:22 PM
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CAIRO, Feb. 3 (Aswat Masriya) – Egypt's benchmark stock exchange index EGX 30 climbed 0.96 per cent after making a retreat at the start of Wednesday's session, as Arab and Egyptian traders' made net purchases.

EGX 30 reached 6,066 points up from 5,983 points the day before. EGX 70 for small and medium enterprises rose by 0.3 per cent, while the broader EGX 100 jumped by 0.55 per cent.

Egyptian and Arab investors recorded net purchases of EGP 19 million and EGP 3 million respectively, while non-Arab foreign investors made net sales worth EGP 23 million.

Most of the Arab and Global markets witnessed a decline Wednesday, affected by fluctuations in oil prices throughout the day. Oil first dropped, then went up after Russian statements proposing talks regarding a possible decrease in oil production.

Brent Crude oil price reached $33.45 per barrel today, acoridng to CNBC. This represents an overall increase compared to the record low prices reaching $29.96 last month. 

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