Egypt's stocks fall on Monday, only foreigners purchase

Ahram Online , Monday 13 Jun 2016

Egyptian Stock Exchange
Traders work at the Egyptian Stock Exchange in Cairo August 11, 2011 (Reuters)

Egypt’s stocks continued the downturn on Monday with the benchmark EGX30 shedding 0.07 percent to register at 7,645 points.

Non-Arab foreigners, who represented roughly 29 percent of the market’s traders, were the only net buyers to the tune of EGP58.7 million.

Out of 164 listed shares, 109 went down, while only 25 saw gains in a session that witnessed a modest daily turnover of some EGP498.5 million.

Heavyweight security Commercial International Bank (CIB) closed up the trading 0.86 percent at a price of EGP43.44 per share.

EFG Hermes, the country’s leading listed investment bank, which was the most traded for the day slipped 0.16 percent to register EGP12.12 per share.

The leading listed property developer Talaat Moustafa Group (TMG) fell 0.84 percent to close at EGP5.92 per share.

Telecom Egypt (TE) went up 0.42 percent to be traded at EGP9.56 per share.

The broader index EGX70 also dipped 0.61 percent. 

*The current official exchange rate for $1 = EGP8.87

Short link: