Last Update 18:36
Sunday, 17 November 2019

Egypt's market falls to lowest since December 2013

Ahram Online , Monday 24 Aug 2015
The Egyptian stock exchange
A trader works at the Egyptian stock exchange in Cairo, August 23, 2015 (Reuters)
Share/Bookmark
Views: 1182
Share/Bookmark
Views: 1182

Egypt's market slip slows on Monday following a 5.4 percent plunge in previous sessions as Egyptians turn to net sellers while global and regional markets continue the downfall.

European stocks were more than 5 percent in the red and Wall Street was braced for similar losses after Asian shares slumped to three-year lows, reported Reuters.

The Saudi main index also plunged almost 6 percent.

Egyptian benchmark index, EGX30, dipped 1.92 percent to 6,654 points hitting its lowest level since mid December 2013 and daily stock turnover reached LE444 billion.

Egyptians, comprising almost three quarters of the trading, were net sellers to the tune of LE45 million.

Market bellwether Commercial International Bank (CIB) made the only gains of the session, rising 0.84 percent to LE45.8 per share.

State-run Telecom Egypt dipped 4.84 percent to LE6.4 per share and Global Telecom Holding fell 4.57 percent to LE1.9 per share.

Broader index, EGX70, fell 5.17 percent.
 

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
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.
Latest

© 2010 Ahram Online.