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Wednesday, 14 April 2021

Egyptian stocks end the week in the green

EGX30 rises despite slight decrease in daily turnover on Thursday

Marwa Tharwat, Thursday 23 Jan 2014
Egyptian Stock Exchange
A trader works at the Egyptian stock market in Cairo. (Photo: Reuters)
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The EGX30 main index rose by 0.75 percent to register 7,233 points on Thursday as foreign investors were net buyers.  

Daily listed stock turnover was LE744.4 million (around $106.8 million), slightly lower than previous session. The broader index EGX70 increased by 0.7 percent.

Egyptian and Arab investors were net sellers with some LE12.2 million ($1.8 million) and LE4.2 million ($600,000) respectively, while non-Arab foreign investors were net buyers at LE16.4 million ($2.4 million).

"Global Telecom Holding had a significant impact at the end of today's session, inching up by 1.8 percent to close at LE5.09 per share," Ashraf Abdel-Aziz, head of institutional sales at Arabia Online Securities, told Ahram Online.

Egypt’s biggest listed bank, Commercial International Bank, dropped by 0.72 percent to close at LE32.90 per share, and Ezz Steel went down by 0.57 percent, registering LE15.78 per share.

EFG-Hermes gained by 0.46 percent, closing at LE10.87 per share.

Talaat Moustafa Group Holding increased by 2.31 percent to LE7.08 a share, while Six of October Development & Investment increased by 0.18 percent to LE22.34 a share. Palm Hills Development Company, another property share, rose by 0.70 percent closing at LE2.86 per share.

 

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