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Egypt stocks fall half-percent in Sunday trading

Week's first trading day sees paltry volumes as EGX30 slides 0.43 percent; Non-Arab foreign investors are day's only net buyers

Ahram Online, Sunday 19 May 2013
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Views: 574

Egypt's benchmark EGX30 index dropped 0.43 percent on Sunday in a session that recorded a feeble LE179.8 million in turnover.

Forty-nine listed stocks enjoyed gains, while 55 registered losses by the close of the session, in which non-Arab foreign investors represented the day's only net buyers to the tune of LE9.67 million.

EFG-Hermes, Egypt's leading investment bank, fell by 1.54 percent, while Commercial International Bank, the country's largest private-sector bank, rose by 0.87 percent.

Orascom Construction Industries, the bourse's largest listed company, gained 0.59 percent for the day, while Orascom Telecom Holding (OT) rose by 0.64 percent.

In the real estate sector, Palm Hills Development Company gained 0.85 percent and TMG Holding rose 1.69 percent, while SODIC fell by 0.14 percent.

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