Last Update 21:1
Tuesday, 19 March 2019

Egypt's stocks slightly up amid foreign buying

Ahram Online , Tuesday 5 Jan 2016
Views: 779
Views: 779

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.

Short link:


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.

© 2010 Ahram Online.