The Cairo stock market's EGX 30 index experienced a significant rise of 2.7%, closing at 31,055.98 points. This marks the largest increase since October 21, when it climbed 3.1%. The previous trading session saw the index drop by 1.9%.
Egyptian International Commercial Bank (CIB) played a crucial role in the index's rise, with its shares increasing by 1.5%. EFG Holding S.a.E led the gains, soaring by 6.6%. Among the 31 constituent stocks, 29 advanced while only 2 declined.
Within the past year, the EGX 30 index has reached or exceeded this level of growth twice. Following those instances, the index saw a slight decline of 0.1% on one occasion and a rise of 0.6% on another.
