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Egypt's main index edges down as local investors turn to net sellers

Ahram Online , Tuesday 1 Mar 2016
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Egypt's benchmark index EGX30 edged down 0.51 percent to register 6,079 points on Tuesday, with Egyptians turning to net sellers to the tune of EGP 27 million ($3.5 million) after being net buyers in the last session.

Daily stock turnover remained low at around EGP 301 million ($38.5 million).

Losses by blue chip Commercial International Bank (CIB) which declined 0.99 percent to EGP 32.82 ($4.2) per share and Orascom Construction Limited which dipped 4.2 percent to EGP 48.76 ($6.2) per share pushed down the main index.

Leading real estate developer Talaat Moustafa Group (TMG) gained 0.62 percent to reach EGP 4.84 ($0.62) per share and EFG-Hermes, one of Egypt's leading investment banks, inched up 0.42 percent to EGP 7.1 ($0.91) a share.

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