"With an increase in Green Bond issuance, we have seen demand from institutional investors for a new benchmark in this emerging and rapidly growing market, said Brian Upbin, Head of Benchmark Index
Research at Barclays.
The benchmark index
's 11-day long gains were strongly inspired by the Central Bank's decision to cut the interest rate, in a further bid to push economy and curb inflation, analysts had said.
Financial stocks led the decline and the sector fell 2.7% with Habib Bank (-3.5%) alone erasing 96 points from the benchmark index
The ongoing US-Syrian friction has reflected on the local stock market, resulting in a steep 2.04% drop in Egypt's benchmark index
, the EGX 30, to reach 5337.65, on 27 August.
By: Yasmine Samra CAIRO -- 7 June 2017: The Egyptian Exchange (EGX) indexes shut on a positive note Wednesday, with the benchmark index
EGX30 keeping its historic record for a second straight day.
By: Yasmine Samra CAIRO - April 10, 2017: The Egyptian Exchange extended its mixed performance Monday, with the benchmark index
(EGX30) closing in the red for a third consecutive session negatively affected by selling pressures from local and Arab traders.
The underlying benchmark index
comprises 2,000 small cap companies listed on US equity markets, which, combined, represent 10 percent of US market capitalisation.
Egypt's benchmark index
closed with a rise of 1.43% on Sunday, despite mass protests seeking to topple President Mohamed Morsi on the first anniversary of his inauguration.
Summary: Saudi Arabian shares advanced for a second day, led by Saudi Basic Industries Corporation, after the US's benchmark index
climbed to a near-record high this week.
KARACHI -- The stock market experienced a positive session on Wednesday, but despite a rally of 283 points, the benchmark index
finished trading on a flat note.
The benchmark index
EGX30 breached below the 13,000 barrier after losing 1.54 percent to hit 12,897 points at 1:30 pm (Cairo time).
Axis Bank, the country s one of the top the private sector lenders, has recorded a 3% rise in its share price on Monday on the Bombay Stock Exchange (BSE), attributable to the BSE s announcement on adding the banking giant in its benchmark index
, Sensex, from 23rd of next month.