Egypt stocks end week in red

Ahram Online , Thursday 22 Oct 2015

An interior view of the Egyptian stock market is seen in Cairo (Photo: Reuters)

The majority of Egypt's stocks were in red at the end of the week following three consecutive sessions of gains.

Benchmark index EGX30 inched down 0.76 percent to 7,611 points with daily stock turnover at LE605 million.

Contributing 78 percent to the trading, Egyptians were net sellers to the tune of LE35 million and Arab investors were net sellers of LE15 million while non-Arab foreign investors were net buyers.

Almost half of the session turnover came from trading on the Amer Group, Porto Group, and Commercial International Bank (CIB) stocks.

Amer Group and Porto Group began trading for the first time Thursday following their demerger.

Amer Group was the session's biggest decliner, dipping 6.9 percent to LE0.54 per share while Porto Group climbed 34.48 percent on its first issue to LE0.42 per share.

Blue chip, CIB, dropped 0.32 percent to LE53.01 per share.

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