Egypt stocks close week in the green with slight gains

Ahram Online, Thursday 31 Oct 2013

EGX30 inches up 0.13%, and EGX70 0.05%, as foreign investors remain net-buyers

Egypt stocks
Traders work at the Egyptian stock exchange in Cairo (Photo: Reuters)

Egypt's EGX30 index closed the week in the green on Thursday, achieving a slight increase of 0.13 percent with the broader EGX70 index inching up by 0.05 percent.

Non-Arab foreigners were net-buyers for LE36.8 million, followed by Arab investors, who bought a net LE13.1 million worth of stocks. Egyptian investors were net-sellers.

Market bellwether Commercial International Bank (CIB) was among the few gainers in the main index, rising 1.45 percent.

Egyptian Financial Group-Hermes Holding Company (EFG-Hermes) slid 0.86 percent, and Global Telecom Holding (GTH) 0.63 percent.

In the real estate sector, Palm Hills Development Company (PHD) fell 1.19 percent, while Six of October Development & Investment (SODIC) and Talaat Mustafa Group Holding (TMG) gained 0.04 percent and 0.91 percent, respectively.

 Turnover of listed stocks registered a relatively strong LE459 million.

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