Egypt's stocks recovery continues as foreigners buy
Ahram Online, , Tuesday 5 May 2015
Real estate and financial services blue chips see largest gains as non-Arab foreign investors net-buyers


Egypt's stock market was up for the second consecutive session gaining 2.01 percent on Tuesday with the benchmark index EGX30 reaching 8826.32 points.

Real estate and financial services blue chips were among those which saw large gains; Palm Hills Development Company gained 4.71 percent to LE2.90, while Pioneers Holding gained 4.72 percent to LE9.19.

Electro Cable Egypt gained 6.25 percent to LE1.05

Non-Arab foreign investors were the only net buyers recording a net flow of LE26 million while Egyptians and Arabs were net sellers.

Market bellwether, Commercial International Bank gained 0.86 percent to trade at LE56.35.

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