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Egypt’s market up amid modest turnover, foreign selling

Non-Arab foreign investors contributed around 86 percent of trade and were net sellers to the tune of LE11.6 million

Ahram Online , Sunday 29 Mar 2015
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Egypt’s main index inched up 0.12 percent on Sunday, recording 9,062 points amid modest daily stock turnover of LE217.7 million.

The index, which saw a significant hike at the beginning of the session, soon declined on foreign investors selling.

Non-Arab foreign investors unusually contributed around 86 percent of trade and were net sellers to the tune of LE11.6 million.

Market bellwether Commercial International Bank (CIB) edged up 0.18 percent to LE56.8 per share.

Egypt’s leading investment bank, EFG-Hermes, was the session’s second largest decliner falling 2.15 percent to 3.57 per share. It was preceded by Oriental Weavers, which dropped 3.57 percent to LE10.41 per share.

Orascom Telecom Media and Technology Holding Company achieved the highest turnover value at LE20 million, rising 0.88 percent to LE1.13 per share.

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