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Egyptian Market Rebounds as 'Wataniya' Final Offers Expected Within 48 Hours

The EGX30 index, which had been experiencing a decline of over -2.30% and stood at 27,032 points, made a remarkable recovery, surging to 27,601 points, representing a positive increase of around +400 points. This significant market rebound followed the breaking news reported by Asharq Bloomberg, where Dr. Hala El Saied, the Minister of Planning and Economic Development, announced that Egypt is set to receive final offers for the purchase of 'Wataniya' within the next 48 hours. The market responded swiftly to this development, with investors gaining renewed confidence and driving the upward movement.


*Index Prices as of 06/02/2024 13:33 CLT


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