Egyptian Exchange gains EGP6.8bn, main index up 2.21%
Egyptian Exchange
Cairo - MENA
The Egyptian Exchange (EGX) continued its upward trend at the close of Thursday's trading, backed by a state of optimism which prevailed in the market after the head of the taxes authority said he will hold a societal dialogue with the market players over the tax on stock dividends and capital gains to decide whether it will be amended or not.
The market capital achieved gains worth EGP 6.7 billion to reach EGP 499.8 billion, after transactions hit EGP 675.5 million.
The EGX 30 benchmark index soared 2.21 percent to close at 8,672.29 points.
The broader EGX 70 index of the leading smaller and mid cap enterprises (SME) rose by 2.01 percent to 475.44 points.
The all-embracing EGX 100 index also increased by 1.8 percent to close at 971.75 points.
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Bucharest - SANA
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London - DPA
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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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