Cairo – Mubasher: The Egyptian Exchange (EGX) will carry on rising over the coming period following the presidential elections, research director at Naeem Holding Allen Sandeep said.
The government is expected to maintain its reform agenda, which will bolster the EGX over the next period, Sandeep added in an interview with Bloomberg TV.
Accordingly, this will drive foreign reserves to grow, even though they rise at a slow pace, he remarked.
On 2 April 2018, Egypt’s National Election Authority (NEA) announced that the incumbent president Abdul Fattah El-Sisi has won a second term of presidency with 97.08% of the valid votes.
