Egypt main index starts 2015 in the green

Ahram Online , Sunday 4 Jan 2015

EGX30 makes marginal gains on first trading day of the new year

Egypt's Stock Exchange in Cairo (Photo:Reuters)

Egypt's bourse started the year in the green on Sunday as the benchmark index inched up 0.18 percent to close at 8,943 points.

Non-Arab foreign investors accounted for 40 percent of market activity, as net-sellers to the tune of LE446 million, while local investors, accounting for 50 percent of the market, were net-buyers for LE321 million.

Market bellwether Commercial International Bank (CIB) rose 0.51 percent to LE49.99.

In the real estate sector, Palm Hills Development Company slid 0.48 percent to LE4.11, TMG Holding rose 0.30 percent to LE9.89, and Six of October Development and Investment (SODIC) inched up 0.07 percent to LE14.41.

Orascom Telecom Media and Technology Holding was the most traded stock in the main index, with a turnover of LE47.9 million, sliding 0.76 percent to trade at LE1.31.

Global Telecom Holding was up 0.49 percent to LE4.09.

Total turnover of listed stocks recorded a weak LE241 million.

The broader EGX70 climbed 0.67 percent. 

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