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Egypt's stocks continue rise on Monday with foreigner purchases

Ahram Online , Monday 18 Apr 2016
Egyptian stock exchange in Cairo
Traders work at the Egyptian stock exchange in Cairo, Egypt, March 8, 2016 (Reuters)
Views: 1176
Views: 1176

Egypt’s main index for listed stocks rose on Monday, driven up by non-Arab foreigner net purchases that recorded around EGP 128 million.

The stock market’s benchmark EGX30 climbed 1.93 percent to 7,662 points, in a session where the heavyweight Commercial International Bank (CIB) saw the most traded shares. CIB surged 2.53 percent to close at EGP 40.53 per share.

Out of 179 securities listed, 111 shares saw gains and 38 went down. Daily turnover registered some EGP 889 million.

Real estate developer Talaat Moustafa Group (TMG) rose 2.22 percent to be traded at EGP 6.46 per share.

Global Telecom (GT) rose 2.97 percent to record a price of 3.12 per share.

Egypt's leading listed investment bank EFG Hermes gained 1.128 percent to close at EGP 10.27 per share.

Broader index EGX70 closed up at 0.18 percent.

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