An Egyptian trader checks her screen at Egypt's benchmark stock in Cairo (Photo: AP)
Egypt's stock market registered humble gains on Monday amid declining profit-taking after two consecutive sessions of losses.
The benchmark EGX30 index finished up 0.27 per cent to reach 5,831 points for the day. After achieving considerable gains, the index retreated in recent days as investors were eager to reap profits.
Of 184 shares traded on Monday, 76 gained in value and 94 declined.
Market turnover, meanwhile, remained relatively high at some LE823 million.
The real estate and financial sectors saw the most trade activity. Most high-cap shares ended down for the day, with Orascom Construction Industries (OCI) losing some 0.37 per cent, Telecom Egypt 2.39 per cent and Orascom Telecom Holding (OT) 0.79 per cent.
EFG-Hermes Holding Company, for its part, saw the heaviest trading – some LE87.5 million – while the company's shares gained 1 per cent.
Individual investors were net buyers for the day, picking up some LE17.2 million in stock, while institutional traders represented net sellers.
Egyptian and foreign investors, too, ended the session as net buyers, to the tune of LE9.61 million and LE1.74 million respectively. Arab investors, meanwhile, closed the day as net sellers, recording total sales of LE11.35 million.
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