Egypt stocks end week down amid foreigner sell-off

Ahram Online , Thursday 21 Jan 2016

The Egyptian Exchange bell
The Egyptian Exchange bell is seen at the stock exchange in Cairo, in this April 1, 2013 (Reuters)

Egypt’s stock market closed the trading week down on Thursday as the main index EGX30 declined 1.09 percent to register 5,713 points in a session that saw only foreign investors as net-sellers to the tune of LE70.5 million.  

Out of 155 listed securities, 59 stocks increased and 52 shares declined, led by banking and real estate heavyweights.

The Commercial International Bank (CIB) dipped 1.30 percent to close at a modest price of LE30.27 per share.

Real estate developer Talaat Mostafa Group (TMG) dropped 3.58 percent to sell at LE5.12 per share.

Telecommunication leader Telecom Egypt (TE) slipped 1.39 percent to register 5.68 per share.

Broader index EGX70 upped 0.23 percent in a session that saw a daily turnover for listed securities reaching around LE398.7 million. 

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