Morgan Stanley Index: Egyptian capital market up to 3% in first quarter
Egypt, Economics, 5/21/2007

Morgan Stanley Index indicated that the Egyptian capital market is continuing the rise seen since the start of the last year. CASE 30 Index achieved in the first quarter of the year 3% which is a good rate compared to the performance of the rising markets, the growth rate of which did not exceed 1% in the same period.

CASE 30 Index managed to exceed the limit of 7000 points and to maintain this level in most of the dealings made in the first quarter of 2007, thus achieving the highest level in 12 months and concluding at 7.192. Also, The trade deficit dropped by 49 per cent in February, reflecting a government policy success in increasing exports and reducing imports, a report by the Central Agency for Public Mobilisation and Statistics (CAPMAS) said.

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