Stock market gains LE4 billion

Stock market indices made gains Sunday morning following the partial replacement of President Mohamed Morsy’s November constitutional declaration with a new decree.

The main EGX30 index jumped 2.15 percent to reach 4,942 points, an increase of 104 points.

The market capital increased from LE341.3 billion on Thursday to LE345.2 billion, an LE4 billion increase.

Trading value reached LE7.35 million.

The market experienced losses last week due to ongoing political instability following Morsy’s decree granting himself sweeping powers and his call for referendum on the hastily-completed draft constitution.

Edited translation from Al-Masry Al-Youm

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