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Egypt's stocks open trading week up on Sunday

Ahram Online , Sunday 17 Jul 2016
Stocks
Egypt's Stock Exchange in Cairo (Photo: Reuters)
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Egypt’s stocks opened the trading week slightly up on Sunday with Egyptian investors as the only net buyers.

Benchmark index EGX30 went up 0.22 percent to register 7,599 points in a trading session for which a daily turnover of listed securities reached some EGP 440 million.

Out of 156 listed stocks, 68 saw gains while 50 declined.

The heavyweight Commercial International Bank shed a mild 0.12 percent to close at EGP 42.66 per share, which drove down the banking sector.

The property developer Palm Hills Development, Sunday's most traded stock, rose 0.80 percent to close at EGP 2.52 per share.

Real estate developer Talaat Moustafa Group decreased 0.71 percent to close at EGP 5.56 per share.

Global Telecom gained 1.04 percent to close at EGP 3.90 per share.

The broader index EGX70 inched upwards 0.09 percent.

*The official exchange rate for $1 = EGP 8.78 

 

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