Last Update 11:4
Wednesday, 13 November 2019

CIB decline weighs on Egypt's main index

Ezz Steel, Eastern Tobacco and ElSwedy Electric were the main biggest main index decliners on Wednesday

Ahram Online , Wednesday 6 May 2015
Egypt's stock market (Photo: Reuters)
Views: 1189
Views: 1189

Egypt's stocks made losses on Wednesday driven by blue chip Commercial International Bank (CIB), amid the persistence of low turnover levels.

Benchmark index, EGX30, fell 0.82 percent to register 8,756 points and daily stock turnover recorded LE398.6 million.

With contribution of around 6 percent to the session's trade, Arabs were net buyers to the tune of LE11.9 million.

The CIB dropped 1.51 percent to LE55.2 per share.

Ezz Steel, Eastern Tobacco and ElSwedy Electric were the biggest main index decliners falling 2.2 percent to LE12.33 per share, 1.97 percent to LE190 per share and 1.96 percent to LE48 per share.

However, real estate developer SODIC managed to rise 1.38 percent to LE11.89 per share and Juhayna Food Industries was up 1.02 percent to LE9.95 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.