Last Update 21:29
Thursday, 14 November 2019

Egypt's stocks rebound slightly on Monday amid low turnover

Ahram Online , Monday 27 Jun 2016
Egypt
Egypt's Stock Exchange in Cairo (Photo: Reuters)
Share/Bookmark
Views: 1635
Share/Bookmark
Views: 1635

Egyptian stocks rebounded partially on Monday after starting the week with sharp losses after the shock Friday Brexit referendum results.

Egyptian benchmark index EGX30 gained 0.76 percent to 6,903 points as daily stock turnover was a low EGP 324.5 million.

Egyptian investors were net buyers to the tune of EGP 28.7 million, while foreigners were net sellers.

Blue chip Commercial International Bank (CIB) edged up 0.55 percent to EGP 39.61 a share.

EFG Hermes, one of Egypt's leading investment banks, gained 1.15 percent to EGP 10.41 per share.

State-run Telecom Egypt rose 2.53 percent to EGP 8.1 per share.

Telecom Egypt will receive EGP 750 million as a second tranche of withheld dividends from Vodafone Egypt, Reuters reported on Monday citing an anonymous source. 

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.