EGX Ends August Higher; New Leadership and Reforms Fuel Cautious Optimism for September | The Middle East Observer
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EGX Ends August Higher; New Leadership and Reforms Fuel Cautious Optimism for September | The Middle East Observer
August Performance Recap The Egyptian Exchange (EGX) ended August modestly higher, lifted by foreign inflows and a late-month rate cut, despite two mid-month pullbacks. The EGX30 benchmark gained 4.2% month-on-month, closing at 35,637.94 points against 34,198 at end-July. Broader indices outperformed: the EGX70 EWI rose 6.2% and the EGX100 EWI added 4.6%, signaling strong momentum […]
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