CAIRO -- The head of the Egyptian Exchange says its benchmark index has made significant gains in 2017 thanks to economic reforms deemed key to salvaging Egypt's economy.
Mohamed Farid told reporters Tuesday the EGX 30 has increased about 19 per cent and annual trading has exceeded LE 292 billion (about $16.38 billion) this year.
Farid says the index has been the driving force behind making the Egyptian Exchange the top market in the Arab world. He says purchases by foreign investors registered LE 73 billion (about $4.1 billion) in 2017.
Farid added that the hikes reflect an improvement in the Egyptian economy.
Egypt has introduced economic reforms aimed at salvaging the country's economy, which has been struggling since the 2011 uprising that toppled longtime autocrat Hosni Mubarak.
Let's block ads! (Why?)
Bagikan Berita Ini
Related Posts :
Bank of Montreal reports $1.25B Q2 profit, raises quarterly dividendTORONTO -- Bank of Montreal raised its quarterly dividend as it reported a second-quarter profit of … Read More...
Starbucks closing over 8,000 stores for anti-bias training
Terry Tang and Joseph Pisani, The Associated Press</span>
Published Tuesday, May 29, 2018 1:5… Read More...
Simons takes on outside investors as it looks to build new distribution centreQUEBEC -- Department store operator Simons is taking on outside investors for the first time as it l… Read More...
Abramovich is latest Russian oligarch to move to Israel
Aron Heller, The Associated Press</span>
Published Tuesday, May 29, 2018 11:40AM EDT
JERUSAL… Read More...
Asian shares languish as Italian turmoil hits world markets
Elaine Kurtenbach, The Associated Press</span>
Published Wednesday, May 30, 2018 3:16AM EDT
… Read More...
0 Response to "Egypt's exchange remains top Arab performer in 2017"
Post a Comment