Last Update 21:41
Sunday, 21 July 2019

Egypt's main index up on real estate sector gains

EGX30's gains - up 0.59 percent - compensate for the previous session's slight losses

Ahram Online, Monday 19 May 2014
Views: 583
Views: 583

Egypt’s stocks rebounded on Monday as the benchmark index EGX30 inched up 0.59 percent to 8,582 points, while the broader index EGX70 increased 0.77 percent.

EGX30's gains in Monday’s session made up for a slight decline in Sunday's.

Turnover of listed stock reached LE945.9 million, while Egyptian investors were net sellers to the tune of LE52 million.

Market bellwether Commercial International Bank (CIB) inched up 0.11 percent to LE38.2 per share.

In the real estate sector, Talaat Moustafa Group (TMG) gained 0.53 percent to LE9.54 per share, Palm Hills Company increased 1.56 percent to LE4.62 per share and Six of October Development and Investment Company (SODIC) rose 2.07 percent to LE28 per share.

Investment bank Egyptian Financial Group-Hermes gained 2.06 percent to LE14.02 per share while Amer Holding Group was up 0.71 percent to LE1.45 per share.

Among the eight decliners in the main index were Ezz Steel, Pioneers Holding and Telecom Egypt (TE).

Ezz Steel inched down 0.46 percent to LE17.55 per share, Pioneers fell 0.58 percent to LE13.8 per share while state-run TE dropped 0.28 percent to LE14.35 per share.


Short link:


Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.

© 2010 Ahram Online.