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Wednesday, 21 August 2019

Egypt's stock market ends week in green

Ahram Online , Thursday 3 Mar 2016
Views: 1036
Views: 1036

Egypt's main index edged up after three sessions of losses, rising 0.21 percent to 6,089 points, while daily stock turnover continues to be low at almost EGP 300 million on Thursday.

Foreign investors – Arabs and others – were net buyers to the tune of EGP 23.5 million.

Market bellwether Commercial International Bank (CIB) gained 1 percent to EGP 33.7 a share.

Edita Food Industries climbed 7.13 percent to EGP 29.99 per share.

The decline in leading real estate developers, Palm Hills for development (PHD) and TMG Holding, as well as leading investment bank EFG Hermes, contributed to slower rebounding in the main index.

PHD fell 0.44 percent to EGP 2.25 per share and TMG Holding dropped 0.42 percent to EGP 4.86 per share.

EFG Hermes dipped 0.85 percent to EGP 7 a share. 

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