Bourse gains EGP 11bn at close of week trading
Egyptian Bourse
Cairo - MENA
The Egyptian Exchange (EGX) indexes recorded collective gains at the end of today's trading backed by purchase operations by institutions and Arab and foreign investment funds.
A state of optimism prevailed among investors after the Central Bank of Egypt issued a decision to float the exchange rate, a matter which will contribute to stabilizing the market and encouraging investors.
The market capital gained about 11.5 billion pounds to end today's transactions at 428.7 billion pounds, after total transactions which reached about 1.6 billion pounds.
The EGX 30 benchmark index went up by 3.35 percent to reach 8,810.51 points.
The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) increased by 1.83 percent to reach 350.73 points.
The all-embracing EGX 100 index rose by 1.68 percent to reach 822.33 points.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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