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Wednesday, 03 March 2021

Egypt's stocks up for third consecutive day, hit 9-month high

Ahram Online , Tuesday 19 Apr 2016
The Egyptian Exchange bell
The Egyptian Exchange bell is seen at the stock exchange in Cairo, Egypt, March 8, 2016 (Reuters)
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Egypt’s main stock market index rose on Tuesday to its highest level since July 2015, due to Arab and foreign investors' net purchases which pushed up the listed heavyweight shares.

The benchmark EGX30 index surged 2.63 percent to register 7,864 points, in a session that witnessed a daily turnover of some EGP 1.12 billion.

Out of 185 securities were listed, 125 shares saw gains and 34 went down, with real estate developer Talaat Moustafa Group (TMG) the most-traded of the day.

TMG increased 3.10 percent to close at EGP 6.66 per share.

The blue chip Commercial International Bank (CIB) soared 4.37 percent to reach EGP 42.30 a share.

Orascom Telecom Media and Technology (OTMT) was up 1.35 percent to record a price of EGP 0.75 per share.

Egypt’s leading listed investment bank, EFG Hermes, gained 2.82 percent to close at EGP 10.56 per share.

The broader EGX70 index closed up 0.38 percent.

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