Egypt stocks beat record highs at week's end

Ahram Online, Thursday 19 Dec 2013

EGX30 gains 0.4% to surpass three-year high reached this week as Egyptian investors buoy market

Egyptian Stock Exchange
Traders work at the Egyptian Stock Exchange in Cairo (Photo: Reuters)

Egypt's benchmark index rose 0.37 percent to new record highs on Thursday, closing the week at 6,748 points as Egyptian investors buoyed the market.

Non-Arab foreign investors were net-sellers for LE56.5 million while Egyptians were net-buyers for LE56.2 million, followed by Arab investors for LE0.3 million at the session, which witnessed a strong turnover of listed stocks worth LE621.8 million.

In the EGX30, market bellwether Commercial International Bank (CIB) closed at the same level as the previous session.

In the real estate sector, Palm Hills Development Company rose 1.14 percent and TMG Holding 0.97 percent while Six of October Development & Investment (SODIC) fell 0.74 percent.

Investment bank EFG-Hermes gained 0.34 percent.

Global Telecom Holding slid 0.63 percent.

The broader EGX70 slid 0.07 percent.
 

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