Egypt's Bourse makes gains in Monday trading

Ahram Online, Monday 26 Sep 2011

EGX30 struggles to recover following yesterday's losses

The EGX30, Egypt’s benchmark stock index, climbed 1.16 per cent mid-way through Monday's trading.

Most market blue-chips remained in the green, headed by Telecom Egypt and Orascom Telecom (OT), up 5 per cent and 2.4 per cent respectively, and Ezz steel and Commercial International Bank (CIB), both up 2 per cent.

Orascom Construction Industries (OCI), meanwhile, registered a decline of 0.1 per cent.

On Sunday, the index closed down by 2.3 per cent for the day, due largely to turbulence in European markets on Thursday and Friday.

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