Bourse gains EGP 3.6bn, index up 2 pct
Egypt bourse
Cairo - MENA
The Egyptian Exchange (EGX) indices continued their upward trend on Thursday, backed by intensive purchases by institutions, foreign investment funds and after the US Federal Reserve's decision to rise the range of its benchmark interest rate by a quarter of a percentage point to between 0.25 percent and 0.50 percent.
The market capital gained about 3.6 billion pounds to reach 420.1 billion pounds.
The EGX 30 benchmark index leapfrogged by 2.07 percent to reach 6622.7 points.
The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) went up by 0.22 percent to 359.95 points.
The all-embracing EGX 100 index also increased by 0.51 percent to close at 755.54 points.
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Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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