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Egypt's stocks rebound on Monday amid Arab purchases

Ahram Online , Monday 8 Feb 2016
Egypt
Traders work near the exchange bell at Egypt's Stock Exchange in Cairo July 3, 2013 (Reuters)
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Egypt’s main index for listed securities EGX30 resumed its upward trend on Monday to slightly rise 0.79 percent registering 6,174 points, with Arab investors being the only net purchasers.

Arab trading for the day witnessed net buying to the tune of EGP 15 million worth of shares.

The main index saw gains despite 82 shares declining out of 164 that were listed.

Only 36 stocks went up in a session that witnessed a daily turnover of EGP 450.5 million.

Commercial International Bank (CIB) moved up 1.98 percent to close at EGP 34.47 per share.

Real estate developer Talaat Moustafa Group (TMG) inched up 0.60 percent to be traded at EGP 5.03 per share.

Global Telecom Holding (GT) gained 2.16 percent to register a price of EGP 1.89 per share.

Broader index EGX70 climbed 0.08 percent.  

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