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Egypt's stocks tumble for third session in a row

Ahram Online , Monday 11 Jan 2016
Traders work at the Egyptian stock exchange in Cairo August 18, 2013 (Reuters)
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Views: 871

Egypt’s stocks declined on Monday for the third consecutive session as the market’s benchmark EGX30 index dropped 2.17 percent to close at 6,634 points.

Out of 168 shares listed, 22 gained and 104 shares went down in a session that witnessed a daily turnover for listed securities worth LE539.5 million.

The broader EGX70 index also slipped 1.73 percent on Monday.

Egyptians were net buyers to the tune of L78.5 million, with individuals making up around 70 percent of total investors during the day.

Heavyweight Commercial International Bank (CIB) plunged 2.45 percent to LE36.27 per share.

Real estate developer Talaat Moustafa Group (TMG) shed 4.58 percent to close at a price of LE6.04 per share, while Orascom Telecom Media and Technology (OTMT) dipped 2.99 percent to register LE0.65 per share.

Orascom Construction Limited (OC) was up 0.60 percent to register LE63.42 per share. GB Auto also gained 2.18 percent to close at LE3.28 per share. 

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