The Egyptian Exchange (EGX) ended Wednesday’s trading session in green territory on the back of Global Telecom Holding’s (GTH) announcement of reaching a tax settlement deal worth $136 million.
The benchmark EGX30 index rose by 1.27%, or 175 points, to finish the session at 14,006 points.
Meanwhile, the small- and mid-cap EGX70 index grew by 0.61% to close at 601.8 points, while the broader EGX100 index went up 0.74% to 1,534 points.
Similarly, the equal-weighted EGX50 index increased by 1.95% to close at 2,073 points.
Market capitalisation gained about EGP 8.42 billion to close at EGP 750.48 billion on Wednesday, compared to EGP 742.06 billion on Tuesday.
Trading volume stood at 278.68 million shares exchanged at a turnover of EGP 2.28 billion through around 19,480 transactions.
Egyptian and Arab investors were net sellers with EGP 554.94 million and EGP 17.03 million, respectively, while foreign investors were net buyers with EGP 571.98 million.