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Egypt’s market up on foreign buying

Non-Arab foreign investors were net buyers to the amount of LE10.4 million while Arab investors were net sellers at LE7.5 million

Ahram Online , Tuesday 17 Mar 2015
Staff at the Egyptian stock exchange in Cairo (Photo: AP)

Egypt’s market rose sharply at the beginning of the Tuesday session before slowing down, as foreign investors were net buyers.

Benchmark index, EGX30, inched up 0.34 percent to 9,561 points and daily stock turnover recorded LE505.4 million.

Non-Arab foreign investors, who contributed to almost a third of trading, were net buyers to the tune of LE10.4 million while Arab investors were net sellers to the tune of LE7.5 million.

Market bellwether, Commercial International Bank (CIB), edged up 0.54 percent to LE57.6 per share.

ElSwedy Electric led the session with 4.67 percent in gains to LE50.9 per share.

Juhayna Food Industries and Pioneers Holding lead decliners losing 1.37 percent each to LE9.3 per share and LE11.3 per share respectively.


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