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Egypt's stocks resume upward trend in Wednesday trading

Ahram Online , Wednesday 9 Dec 2015
Egypt
File Photo: Traders work at the Egyptian stock exchange in Cairo August 18, 2013 (Reuters)
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Egypt’s main index of listed stocks rebounded on Wednesday led by the real estate sector, inching up 0.3 percent to register 6,629 points following a profit-taking wave which lasted for two sessions.

Out of 159 listed securities, 80 shares registered gains while 38 tumbled in a session that saw a daily turnover amounting to LE412.5 million with domestic investors being net-buyers only to the tune of LE61 million.

The market’s listed heavyweight share Commercial International Bank (CIB) slightly declined 0.05 percent to be sold at LE44, Telecom Egypt (TE) rose 0.48 percent recording LE6.25 per share.

Real estate listed developer Talaat Moustafa Group (TMG) upped 0.63 percent, and sold at LE6.37 per share. Six of October Development & Investment (SODIC) ascended 2.97 percent to register LE8.68 per share.

Broader index EGX70 increased 1.15 percent.

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