Egyptian Exchange capital gains EGP 22.3bn last week
Egyptian Exchange indexes
Cairo - MENA
The Egyptian Exchange indexes closed last week up and the market capital gained EGP 22.3 billion to hit EGP 504.5 billion or 4.6 percent higher than the week before, refreshed by a government decision to freeze the capital gains tax on the stock market for two years.
During the course of the week, the benchmark index EGX30 jumped 8.25 percent to 8,988 points, said a weekly report issued by the Egyptian Exchange, of which MENA received a copy.
The broader EGX70 index of the leading smaller and mid cap enterprises (SME) soared 9.3 percent, reaching 481 points.
The all-embracing EGX100 index was also up 8.68 percent to hit 1,004 points.
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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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