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Tuesday, 01 December 2020

Egyptian blue chips drag main index down 1.64%

The mid-week session ended on a negative note, following European and American markets

Khaled Barakat , Tuesday 30 Nov 2010
the Egyptian stock Exchange fell down today
the Egyptian stock Exchange fell down today
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Egypt's main stock market index, EGX 30, followed the trend of a downward turn across global markets, ending the day down 1.64% to close at 6704.83 points. 

Despite a total turnover of more than LE1 billion, Orascom Telecom came at the top of losers, with a decline of 4 .11%. Despite solid results so far this year, EFG-Hermes Holding, the largest investment bank in the Middle East, was not immune to the trend. The share shed 1.7% to close at LE33.62.

Foreign and Arab traders, who accounted for some 39% of total trading, tended to sell today. Foreign net sales totalled LE41 million, with Arab net sales amounting to LE13.35 million. Egyptian buying transactions exceeded selling.

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