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Egypt’s market ends week in green

Egypt's EGX30 index inched up 1.18 percent Thursday, raising the week's gains to 3.3 percent overall

Ahram Online , Thursday 9 Apr 2015
A view shows the Egyptian Stock Exchange in Cairo (Photo: Reuters)
Views: 1830
Views: 1830

Egypt’s market took an upward turn on purchases by non-Arab foreign investors amid the persistence of low turnover levels.

The benchmark EGX30 index was up 1.18 percent to 8,892 points on Thursday's session, raising the week’s gains to 3.3 percent, in a sign of the market's rebound from an earlier decline this month.

The market continued to attract modest daily stock turnover, which stood at LE333.5 million this session.

Non-Arab foreign investors who contributed almost quarter of the session’s trades were net buyers to the tune of LE13.8 million.

A quarter of the stock trade was on leading shares Commercial International Bank (CIB) and Orascom Telecom Media and Technology Holding (OTMT), where the former increased 1.64 percent to LE55.5 per share and the latter remained unchanged at LE1.04 per share.

Egypt’s leading investment bank, EFG-Hermes, lead the main index share with a 2.46 percent rise to register LE15.58 per share.

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