Egyptian stocks continue upward trend Monday

Ahram Online , Monday 18 Jul 2016

Egyptian Stock Exchange (File photo: Reuters)

Egyptian stocks continued to rise on Monday with local and foreign Arabs as net buyers.

The market’s benchmark index EGX30 rose 0.35 percent to register 7,628 points in a session that saw a daily turnover for listed securities worth some EGP 521.2 million.

Of 165 listed shares, 57 rose and 62 declined.

Heavyweight Commercial International Bank rose 1.03 percent to close at EGP 43.10 per share.

Egypt’s largest steel producer, Ezz Steel, finished the day the most traded share and increased 2 percent to register EGP 8.17.

Leading listed real estate developer Talaat Moustafa Group climbed 0.90 percent to EGP 5.01 per share.

Telecom Egypt rose 0.96 percent to close at EGP 9.47 per share.

Broader index EGX70 declined 0.19 percent.

*The official exchange rate for $1 = EGP 8.78

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