Last Update 12:35
Saturday, 21 September 2019

Egyptian stocks end the week in the green

EGX30 rises despite slight decrease in daily turnover on Thursday

Marwa Tharwat, Thursday 23 Jan 2014
Egyptian Stock Exchange
A trader works at the Egyptian stock market in Cairo. (Photo: Reuters)
Share/Bookmark
Views: 646
Share/Bookmark
Views: 646

The EGX30 main index rose by 0.75 percent to register 7,233 points on Thursday as foreign investors were net buyers.  

Daily listed stock turnover was LE744.4 million (around $106.8 million), slightly lower than previous session. The broader index EGX70 increased by 0.7 percent.

Egyptian and Arab investors were net sellers with some LE12.2 million ($1.8 million) and LE4.2 million ($600,000) respectively, while non-Arab foreign investors were net buyers at LE16.4 million ($2.4 million).

"Global Telecom Holding had a significant impact at the end of today's session, inching up by 1.8 percent to close at LE5.09 per share," Ashraf Abdel-Aziz, head of institutional sales at Arabia Online Securities, told Ahram Online.

Egypt’s biggest listed bank, Commercial International Bank, dropped by 0.72 percent to close at LE32.90 per share, and Ezz Steel went down by 0.57 percent, registering LE15.78 per share.

EFG-Hermes gained by 0.46 percent, closing at LE10.87 per share.

Talaat Moustafa Group Holding increased by 2.31 percent to LE7.08 a share, while Six of October Development & Investment increased by 0.18 percent to LE22.34 a share. Palm Hills Development Company, another property share, rose by 0.70 percent closing at LE2.86 per 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.