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Thursday, 28 May 2020

Egypt's stocks down for third straight day

Total turnover falls to LE780 million ($111 million), as Egyptians remain net sellers

ِAhram Online , Tuesday 29 Apr 2014
stock market
A view from the Egyptian stock market in Cairo (Photo: Reuters)
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Views: 476

Egypt's main index slid for the third consecutive session on Tuesday, dropping by 0.19 percent to 8,150.09 points. 

Egyptian investors continued as net sellers, while Arab and foreigners were both net buyers.

Total turnover dropped to LE780 million ($111 million).

The sectors of banking and construction materials were the only two that ended the day in the green, with market bellwether CIB gaining 0.32 percent to close LE37.05.

Another big cap, Global Telecom Holding, lost 0.20 percent to LE5.09.

In the real estate sector, TMG Holding lost 0.11 percent to close at LE8.83, while Palm Hills Development Company gained 0.25 percent to trade at LE3.97 a share.

The broader EGX70 index fell 0.55 percent.

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