Trade on Egyptian stock exchange hits EP 4.3 billion
The president of the Egyptian stock exchange authority, Abdul-Hameed Ibrahim, was quoted in Al-Hayat, stating that the average monthly trade value of this market has increased from EP 2.7 billion in 1999 to EP 4.2 billion in 2000.
Ibrahim added, that the value of shares traded on the market had reached EP 30.6 billion from January 2000 until August 17th, up from EP 17.3 billion during the corresponding period of the previous year.
According to an article appearing in Al-Ahram, the weekly report issued by the Egyptian cabinet revealed that the value of exchanges on the local stock exchange had reached EP 1.64 billion in the week of August 13th, compared to EP 221 million in the previous week. These figures represent a 664 percent increment. –(Albawaba-MEBG)