The Egyptian stock market regained the 4.8 billion EGP (U.S. $806.3 million) it lost yesterday in the latter stages of today's session, the last caucus of the first week of the Islamic holy month of Ramadan. The Egyptian stock market rose with a return of Egyptian and foreign investor confidence in the Egyptian stock market, thought largely to be as a result of the trial of former Egyptian President Hosni Mubarak's and his cronies passing without excessive violence. The main stock index rose 1.7 percent and closed at 5,000 points to end the week. The EGX 100 rose 1.3 percent, with transactions totally 479.8 million EGP (U.S. $80.6 million), and the EGX 70 gained 1.2 percent. Foreign investors were responsible for 27.72 percent of transactions today, totaling 12.2 million EGP (U.S. $2.05 million). Egyptian transactions comprised 68.38 percent, totaling 12.4 million EGP (U.S. $2.05 million) and Arab investors took 3.9 percent, totaling 177,080 EGP (U.S. $29,700). Many blue chip stocks made gains today, including: Ezz Steel, up 2.01 percent; Orascom Construction, up 1.8 percent; Commercial International Bank, up 0.86 percent; El Qalaa, up 3 percent; El Saeed Al Amma Contracting, up 3.2 percent; Palm Hills, up 2.9 percent; El Sweedy Electric, up 3.2 percent; Hermis, up 3.3 percent; Sodek, up 3.1 percent; Mobinil, up 2.7 percent; Egyptian Resorts, up 1.7 percent.
