Market Update: Egypt bourse closes up 0.82%

Egyptian stock prices rose for the second straight day on Wednesday on the back of trouble-free parliamentary elections, offsetting much of their recent losses.

The benchmark EGX30 index finished the day up 0.82 per cent, breaching the 4,000-point mark to alight at 4,020.

Total turnover for the day, meanwhile, amounted to LE280.2 million (roughly $46.6 million), with 98 stocks registering gains and 77 falling in value.