Egypt main index inches up amid low turnover

Ahram Online, Monday 15 Sep 2014

EGX30 up 0.2% on Monday after volatile session as turnover dips to below LE500 million

Traders work at the Egyptian Stock Exchange in Cairo (Photo: Reuters)

Egypt's main index inched up by 0.2 percent to close at 9,446 points on Monday after a sideways session marked by low turnover.

The broader EGX70 index rose 0.92 percent.

Total turnover was very weak at LE472 million, as analysts expect market activity to be tame in the coming weeks, with the approach of national and Islamic holidays in early October.  

In the real estate sector, TMG Holding fell 0.82 percent to LE10.94, and Six of October Development and Investment (SODIC) slid 0.71 percent to trade for LE46.32.

Market bellwether Commercial International Bank (CIB) rallied by 0.59 percent to trade at LE47.42.

Cairo-based investment bank EFG-Hermes saw its share price rise 0.55 percent to LE18.44.

Global Telecom Holding rose 0.38 percent to LE5.22, and majority state-owned Telecom Egypt climbed 0.84 percent to LE14.42.


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