Last Update 13:38
Wednesday, 11 December 2019

Egypt stocks rally on real estate gains

Real estate stock leaders, Talaat Moustafa Group Holding (TMG) and Palm Hills Development Holding (PHD) achieved the highest turnover in the session with LE77 million and LE61 million respectively

Ahram Online , Thursday 5 Nov 2015
EGX
Traders work at the Egyptian stock exchange in Cairo (Photo: Reuters)
Share/Bookmark
Views: 754
Share/Bookmark
Views: 754

Egypt's market ended the week in green lead by real estate stocks amid Arab buying.

Benchmark index, EGX30, rose 1.23 percent to 7,541 points and daily stock turnover was LE540 million.

Arab investors were net buyers to the tune of LE61 million while non-Arab foreigners were net sellers to the tune of LE29 million and Egyptians to the tune of LE32 million.

Real estate stock leaders, Talaat Moustafa Group Holding (TMG) and Palm Hills Development Holding (PHD) achieved the highest turnover in the session with LE77 million and LE61 million respectively.

PHD was the biggest gainer in the main index rising 5.16 percent to LE2.26 per share after announcing an increase in Q3 net profits of LE182 million ($22.67 million) compared to LE129 million a year earlier.

TMG increased 3.42 percent to LE6.82 per share and Heliopolis Housing rose 3.16 percent to LE44 per share.

Automotive assembler and distributor GB Auto also gained 3.45 percent to LE3.1 per share.

Market bellwether, Commercial International Bank (CIB), inched up 0.24 percent to LE53.5 per share.

 

Short link:

 

Latest

© 2010 Ahram Online.