Last Update 22:17
Friday, 15 November 2019

Egypt's stocks plunge on Sunday amid weak turnover

Ahram Online , Sunday 19 Jun 2016
Egyptian stock exchange in Cairo
A trader works at the Egyptian stock exchange in Cairo, November 19, 2014 (Reuters)
Share/Bookmark
Views: 1183
Share/Bookmark
Views: 1183

Egypt's benchmark index EGX30 dipped 1.11 percent to 7,337 points and daily stock turnover registered a low of EGP 266 million.

Representing 85 percent of all trade, Egyptians were net sellers to the tune of EGP 17.5 million.

Market bellwether Commercial International Bank (CIB) fell 0.45 percent to EGP 41.6 a share.

Ezz steel was the only gainer in the main index, rising 1.7 percent to EGP 8.04 per share.

Telecom Egypt registered the second-highest trade operations in the main index after Ezz Steel and lost 1.15 percent of its share price, which recorded at EGP 8.31.

The state-run landline monopoly received on Sunday approval from the sector regulator to apply for the 4G licence, opening the path for the company to enter the mobile services market, TE said in a press release to the bourse.

Orascom Telecom for Media and Technology Holding dropped 1.67 percent to EGP 0.59 per share and EFG Hermes fell 2.1 percent to EGP 10.9 a share.

Short link:

 

Email
 
Name
 
Comment's
Title
 
Comment
Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 1000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code
  • We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
  • We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
  • We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
  • We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.
Latest

© 2010 Ahram Online.