Egypt's stocks edge up on Tuesday amid low turnover

Ahram Online , Tuesday 28 Jun 2016

Egyptian stocks continued recovery on Tuesday after losses incurred as Britons voted to leave the European Union on Friday.

Main index EGX30 inched up 0.41 percent to 6,931 as daily stock turnover registered EGP 310 million.

Around 70 percent of trading was done by Egyptian investors who were net buyers in the session to the tune of EGP 15 million.

Blue chip Commercial International Bank (CIB) dipped 0.1 percent to EGP39.99 a share, while one of the leading investment banks, EFG Hermes, increased 1.42 percent to EGP 10.8 a share.

Global Telecom Holding inched up 0.63 percent to EGP 3.18 per share and state-run Telecom Egypt rose 1.97 percent to EGP 8.29 per share.

Real estate developer Palm Hills gained 0.91 percent to EGP 2.22 per share and SODIC edged up 0.2 percent to EGP 10.01 a share.

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