Slight gains in Egyptian stocks amid active trading

Ahram Online , Monday 8 Dec 2014

Week-long upward trend continues on Monday with the EGX30 closing at 9,577

Staff at Egypt's stock exchange market in Cairo (Photo: AP)

Egypt's stock gained 0.46 percent on Monday, continuing a week-long upward trend.

The EGX30 closed at 9,577 points, slowly approaching its one-year high of 9,831 points. The index, which measures the performance of the 30 most active shares in the Egyptian stock market, has gained 41.2 percent since the beginning of 2014, placing it as one of the top three performers worldwide.

The value of traded stocks today reached LE972.45 million ($136m), with Orascom Telecom and Media Technology seeing the highest activity at LE148.2 million. It gained 2.14 percent to close at LE1.43 per share.

Egypt's largest listed bank, the Commercial International Bank, gained 0.21 percent to close at LE51.31 per share.

Investment Bank Pioneers Holding gained 3.28 percent to close at LE14.15 per share. It saw a trading volume of LE49.8 million.

Real estate developer, Amer Group, saw LE57.8 million in turnover, with its stock price unchanged at LE1.4.

Foreign investors were net buyers in the session at LE70.5 million.

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