EGX Opens August with Broad Rally as Pound Rebounds and Market Value Tops EGP4tn

Small- and mid-cap shares lead the advance as investors assess a stronger currency, IMF financing and the return of stamp duty CAIRO — Egyptian equities opened August with a broad advance on Sunday, lifting market capitalization above EGP4tn as smaller companies outperformed blue chips and the pound recovered against the US dollar amid improving market [...] The post EGX Opens August with Broad Rally as Pound Rebounds and Market Value Tops EGP4tn appeared first on The Middle East Observer .