Egypt's stocks start the week in the black

Ahram Online , Sunday 15 Dec 2013

Egyptian bourse gains more than 1 percent as Egyptians and foreigners purchasing; Arabs traders were net sellers

Egyptian stocks maintained an upward trend started last week. The main index EGX30 gained 1.13 percent on Sunday, reaching 6678.96 points. The broad index EGX70 inched up to 534.07, increasing by 0.1 percent from 533.49 on Thursay's close.

Total turnover of listed stocks registered LE425.2 million at the close of the day.

The market was sustained by Egyptian and foreign investors, who both ended the day as net buyers, while Arab investors were net sellers.

In the EGX30, blue chips Commercial International Bank (CIB) inched up 0.71 percent to end at LE32.39 per share, while Global Telecom Holding gained almost 2 percent with the last price listed at 4.76 per share.

Other gainers include Ezz Steel, which increased 2.3 percent to end at LE15.1 per share. Real estate developers TMG Holding (LE6.13 per share), Six of October Development & Investment (SODIC, LE24.2 per share) gained 1.8 and 2 percent respectively.

Overall, out of 185 stocks traded during the day 90 gained while 68 declined.

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