Cairo And Alexandria Stock Exchanges: CASE 30 Index Exhibited Impressive Gains Of 6.1%

CASE 30 Index exhibited impressive gains of 6.1% on 27/2/2005, following the President of the State declaration of an amendment in the constitution which allows for multiple candidates in the presidential elections this year for the first time in Egypt's history. Investors perceived this step as a major political reform, which in turn has reflected positively on the activity of the stock exchange with trading value recording a robust increase of 50% reaching L.E 500 million. Moreover, the market capitalization has skyrocketed to L.E 297 billion, an increase of L.E 10 billion over the day.