EGX main idex exceeds 8000 points for first time

The Egyptian Exchange (EGX)'s main index on Sunday went up exceeding 8,000 points for the first time since the world financial crisis in 2008 amid intensive buying of Egyptian stocks by investment funds and foreign foundations in the sectors of housing, real estate, tourism, communication and financial services. The EGX 30 index was up 1.62 percent to close at 8020,39 points in a record rise in 66 months, a report by the bourse said. The EGX 70, the main benchmark index, was up 0.55 percent to reach 663,27 points, the highest ever in its history. The broader EGX index 100 wined 0,66 percent to record 1134,74 points. Bourse brokers said a state of upbeat overwhelmed trading in the bourse amid strong acquision of shares in the various sectors in view of high expectations on the stability of political conditions and the implementation of the roadmap plan.