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Monday, 09 December 2019

Egypt's stocks close the week up

Ahram Online , Thursday 4 Feb 2016
stocks egypt
Traders work at the Egyptian Stock Exchange in Cairo August 11, 2011 (Reuters)
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Views: 879

Egypt’s stocks closed the trading week up amid Arab and foreigner purchases driving up the market’s main index EGX30 2.24 percent to record 6,202 points.

Banks were one of the leading sectors during the day with the Commercial International Bank (CIB) rising a whopping 4.66 percent to be sold at LE33.93 per, while Credit Agricole Egypt climbed 1.47 percent to close at LE19.28 per share.

The Egyptian subsidiary of the renowned French lender reported on Thursday a net profit in 2015 up by 51.8 percent compared to the year before to reach LE1.035 billion, according to the bourse website.

Listed real estate heavyweight Talaat Moustafa Group (TMG) upped 0.59 percent to be traded at LE5.10 per share.

Telecom Egypt rose 0.97 percent to register a price of LE6.27 per share.

Arab and foreign investors ended the session as net-buyers to the tune of LE34.7 million and LE22.4 million worth of shares.

Out of 171 stocks listed for the day, 81 saw gains and 52 declined. Daily turnover reached some LE537.7 million.

Broader index EGX70 shed 0.23 percent.

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