The Egyptian Exchange (EGX) gained about nine billion pounds in the first 10 minutes of Monday's trading session on the back of a government decision to suspend the Capital Gains Tax (CGT) for two years.

The EGX 30 benchmark index soared by 3.77 percent to 8,572.47 points.

The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 3.47 percent to 451.65 points.

The all-embracing EGX 100 index also increased by 3 percent to 947.92 points.