EGX Increase Expected in 2017

Tuesday, 7th February 2017

The Egyptian Stock Exchange (EGX) targets 20,000 points level by the end of 2017 amid the current economic conditions, achieving 60% increase compared to its closing level by the end of 2016, Invest-Gate reports.

According to Beltone Financial Holding, Beltone holds high expectations in regards to EGX 2017 as a result of the government’s flotation of the pound and the exchange rate, State Information Service’ states.

The EGX index managed to achieve 12,500 points  and gains at 76% as part of closed trading in 2016, while the capital market for the shares of the listed markets hit EGP 180 bn.

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