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Tuesday, 17 July 2018

Egypt's stocks slightly up amid foreign buying

Ahram Online , Tuesday 5 Jan 2016
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Egypt's stocks inched up on Tuesday amid net purchases by non-Arab foreign investors.

Benchmark index, EGX30, edged up 0.56 percent to 7,021 points and daily stock turnover was around LE511 million.

Non-Arab foreign investors were net buyers to the tune of LE30 million while Arabs were net sellers to the tune of LE33 million.

Regional markets continue to suffer losses although at a slower pace as global oil prices remain volatile and Chinese manufacturing signals a slower demand on oil.

Telecom Egypt was the biggest gainer in the main index, rising 4.63 percent to LE6.57 per share.

Market bellwether, Commercial International Bank (CIB), inched up 0.59 percent to LE38.4 per share.

On the other hand, Ezz steel dipped 0.11 percent to LE8.64 per share and a leading investment bank, EFG Hermes, declined 0.59 percent to LE8.42 per share.

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