Last Update 12:12
Monday, 16 September 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: 733
Share/Bookmark
Views: 733

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:

 

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.