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Egypt's market extends gains ahead of Eid holiday

Ahram Online , Thursday 16 Jul 2015
Egypt stock exchange
File photo: Workers at Egypt's stock exchange market are seen in the trading hall in Cairo (Photo: AP)
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Egypt's stocks were in the green on Thursday ahead of the Eid holiday, marking the third consecutive session for the stocks to rise following a sharp decline earlier this month.

Benchmark index, EGX30, increased 1.78 percent to 8,022 points, with daily stock turnover at LE589 million.

Foreign and Arab investors continued to be net buyers, registering a net value of LE49 million.

Market bellwether, Commercial International Bank (CIB), gained 0.68 percent to LE55.01 per share, recording the highest turnover in the session at LE75.3 million.

The financial and real estate sectors lead the main index, with Amer Group Holding gaining as much as 5 percent to LE1.03 per share, becoming the second biggest contributor to turnover with LE50.7 million.

Real estate developer, Talaat Moustafa Group Holding (TMGH), rose 3.95 percent to LE8.2 per share.

State-run Telecom Egypt gained 1.13 percent to LE8.02 per share.

The stock exchange will be closed from Friday to Monday in celebration of Eid holidays.
 

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