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Egyptian bourse in the red

Main index slipped by 0.05 percent ahead of the spring holiday

Ahram Online, Tuesday 30 Apr 2013
Egyptian bourse
An interior view of the Egyptian stock market is seen in Cairo (Photo: Reuters)
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Egypt's main index continued to slide on Tuesday, losing a slight 0.05 percent to sit at 5,196 points, after it had fallen 0.63 percent in Monday's session.

In the benchmark index of 30 companies, investment bank EFG Hermes registered the largest decline, falling 1 percent.

Two of Egypt's largest real estate companies, TMH Holding and Six of October Development & Investment (SODIC), recorded losses of 0.75 percent and 0.35 percent respectively. Palm Hills Development company, for its part, rose 0.47 percent.

Blue chip Commercial International Bank gained 0.03 percent, while in the telecommunications sector Orascom Telecom Holding gained 0.65 percent.

Total turnover for the session reached LE211.5 million.

Foreign and Arab investors were net sellers, unloading a combined net LE21.5 million worth of shares. 

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