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Egypt stocks rebound on Tuesday amid Arab purchases

Ahram Online , Tuesday 2 Feb 2016
Egyptian stock exchange
A trader watches his monitor at the Egyptian stock exchange in Cairo April 1, 2014 (Reuters)
Views: 781
Views: 781

Egypt’s stocks rebounded on Tuesday amid Arab investor purchases driving up the market’s main index EGX30 1.73 percent to registern 6,009 points.

Arab investors ended the session as the only net-buyers to the tune of LE51.8 million.

Out of 156 stocks listed for the day, 95 saw gains and 31 declined.

Daily turnover reached some LE471 million.

Commercial International Bank (CIB) rose 1.29 percent to close at LE32.16 per share.

Telecom Egypt (TE) rose 2.34 percent to register a price of LE6.13 per share, while EFG-Hermes gained 2.44 percent to be sold at LE7.15.

Real estate developer Talaat Moustafa Group (TMG) increased 2 percent to close at LE5.08 per share.

Broader index EGX70 shed 0.90 percent.

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