Egypt's index continues to rise on Wednesday

Ahram Online , Wednesday 16 Dec 2015

EGX
Traders work at Egypt's Stock Exchange in Cairo July 3, 2013 (Photo: Reuters)

Egypt’s main index EGX30 closed Wednesday's trading in green, continuing its weeks' gains with a rise of 1.05 percent to 6,488 points.

Daily stock turnover recorded LE425.8 million with Non-Arab foreign investors recording a net selling of LE29.6 million.

Citadel Capital, traded at the highest turnover in the main idex with LE51 million, rising 2 percent to LE1.55 per share while Egypt's leading investment bank EFG-Hermes gained 3.95 percent to LE8.26 per share.

Market bellwether, Commercial International Bank (CIB), edged down .03 percent to be sold at LE34 per share. 

Real estate developer, Amer Group, climbed 5 percent to LE0.42 per share and Talaat Moustafa Group (TMG) Holding increased 3 percent to LE6.2 per share.

Official Saudi Press Agency reported earlier on Wednesday that the country plans more aid to Egypt in the form of petroleum shipments in the next five years.

Saudi Arabia is also reportedly negotiating to buy Egyptian domestic bonds to help support the country with a foreign currency shortage.

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