Analysts predicted the Egyptian Exchange (EGX) performance to continue going up this week amid strong purchase volumes by foreigners, along with a Saudi-Egyptian reconciliation. The EGX has seen transactions over 5.4 million shares last week on Madinet Nasr for Housing & Development (MNHD) at EGP 22.4 per share and a total transactions value of EGP 122.3m. As for Talaat Mostafa Group shares, transactions last week closed up by 13.1% at EGP 9.25 per share. On Thursday alone, the stock climbed by 9.08%, acquiring 7% of market trading value worth EGP 123.39m, while GB Auto shares dropped by 8.5%, closing at EGP 2.6. He noted that Thursday transactions registered the highest trading value over seven sessions.

Source: Daily News Egypt March 19, 2017 07:07 UTC