Home StocksEGX Egypt’s EGX 30 share index rises 3.8% in morning trading

Egypt’s EGX 30 share index rises 3.8% in morning trading

by Amwal Al Ghad English
Egypt’s stock exchange (EGX)

Egypt’s EGX 30 share index climbed 3.8 percent in Sunday morning trade after the central bank cut key interest rates for the second month in a row, bourse data showed.

The central bank cut overnight deposit and lending rates on Thursday by 100 basis points to 13.25 percent and 14.25 percent respectively.

Source: Reuters

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