Last Update 14:55
Friday, 19 July 2019

Egypt stocks see pale trading Monday

Ahram Online, Monday 22 Oct 2012
Egypt stocks see pale trading Monday
Egyptian traders chat at Egypt's benchmark stock in Cairo, Egypt (Photo: AP)
Views: 562
Views: 562

Egypt stocks showed a pale performance on Monday as trading levels continue to be affected by the holiday season.

The main EGX30 index grew a meager 0.08 per cent to sit at 5,721 points. Turnover reached LE325 million (LE54 million).

Eid El-Adha and the Pilgrimage to Mcca, Islam's biggest annual events are set to start at the end of this week and last for four days. The stock exchange and banks close their doors during the vacation.

The market is traditionally less active during this vacation.

Orascom Construction Industries (OCI), the market's largest share in terms of capitalisation, dropped 0.77 per cent to land at LE263.25 per share.

Out of 174 shares traded on Monday, 56 gained value.

Orascom Telecom Holding finished up 0.81 per cent marking LE22 million.  The company announced on Sunday it would engage in deeper cooperation with parent company Vimpelcom.

Palm Hills Development was one of the more active shares today witnessing LE17 million in turnover, dropping 1.16 per cent to close at LE2.56 per share.

Non-Arab foreign investors were the main net-buyers of the session at LE25.8 million, making up 12.02 per cent of the session's activity.

Short link:


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.

© 2010 Ahram Online.