Benchmark index EGX30 rose 4.9% or 609 points and closed at the level of 12,996.89 points. Small and medium-sized enterprise index EGX70 also rose by 2.1%, as it closed the week at 675 points. Market capitalisation increased by around EGP 27.34bn, as it closed at the level of EGP 740.18bn. Meanwhile, EFG Hermes expects interest rates in Egypt to decline by 2% next year, which could prompt another rally for Egypt stock market. Last week, B Investments said that Infinity Solar tied up the 30 MW solar power plant MMID to the national electricity grid.

Source: Daily News Egypt December 16, 2018 07:18 UTC