(12 Mar 2015) Egypt's benchmark index, the EGX 30, has ended the last day of the trading week with a rise of 0.67 percent.
Dealers hope the Egypt Economic Development Conference taking place at the weekend will have a positive impact on the markets.
The EGX 30 opened the last session for the week on 9,576 points.
Trading has been unusually good with the index rising by more than one percent during the morning.
Speaking before the markets closed, Nagla Farrag, a dealer, says today's activity is positive.
"The trading size today is considered above average," she says.
"This is something we haven't been seeing in the last period, the trading volume being near 600 million (Egyptian pounds), and we still haven't finished the session."
The index closed at 9,640 points, a rise of 0.67 percent.
The Egypt Economic Development Conference (EEDC) begins tomorrow.
It is attempting to attract more investment to the country.
Farrag is optimistic of its impact on the stock markets.
"We hope that there are good decisions made that will lead to an improvement in the psychological mood of investors, and therefore cause a rise in the markets," she says.
"It will take some time to feel improvements from the investments, but in general, any good news about investment has a direct and indirect effect on the markets."
The EEDC is taking place in Sharm el-Sheikh and will last for three days.
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