Egypt stocks kick off the trading week in red

Ahram Online, Sunday 3 Aug 2014

Traders work at the Egyptian stock exchange in Cairo (Photo:Reuters)

Egypt's stocks went down on Sunday as the main index EGX30 declined 0.2 percent to close at 8,802 points.

The broader index EGX70 also shed 0.7 percent in a session that saw domestic investors as net sellers with LE23.6 million.

Foreign investors were net buyers of some LE5.8 million worth of shares.

The market saw a total daily turnover of the listed securities worth some LE544.2 million.

Out of 182 stocks were listed in the day 55 gained, while 94 slumped.

The market's bellwether Commercial International Bank (CIB) dipped 0.5 percent to close at LE41.8 per share.

Palm Hills Development (PHD) was the prominent real estate developer colored red after decreasing 0.9 percent to close at LE4.14 per share.

Talaat Moustafa Group (TMG) and Six of October Development and Investment (SODIC) inched up 0.9 percent and 0.4 percent registering LE9.59 per share and LE39 per share respectively.

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