The main index of the Egyptian Stock Exchange increased, to become in the Green Zone for the first time since the beginning of the year, and the index exceeded 12 thousand points during the trading of Monday’s session.
The main index of the stock exchange has achieved 37. 6% since it exceeded the lowest point it reached during the year in July of this year.
The Egyptian Stock Exchange is expected to witness a strong rise during the coming period with the implementation of a flexible exchange rate system, compared to what the money market achieved during the liberalization of the pound exchange rate on November 3, 2016, to achieve the time of the stock market the highest level ever with the continued positive impact of the flotation decision on the papers market Finance.
During a year of liberalizing the exchange rate on November 3, 2016, the main index of the stock exchange achieved a rise of 68%, with a trading value of 250. 5 billion pounds, and the market value on the stock exchange won 363 billion pounds, as it increased from 417 billion pounds to 780 billion pounds.
It is also expected with the activity of the Egyptian Stock Exchange, that the government will resume the government proposals program, and to start offering some states owned by the states in the companies registered on the Egyptian Stock Exchange, and the project of offering 7 hotels owned by the Ministry of Public Business Sector, in order to achieve the goals of the state’s royal policy document and enhance the role of the private sector In the coming period.
Source: The seventh day.
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