Egypt stocks slightly rise following last session's turnover record

Marwa Tharwat, Wednesday 29 Jan 2014

The EGX30 slightly rises with half the previous session's three-year-high turnover

Egypt stock exchange
Traders work at Egyptian Stock Exchange. (Source: Reuters)

The EGX30 main index rose slightly by 0.08 percent, closing at 7,374 points on Wednesday.

Daily listed stock turnover was LE750.5 million (about $107.7 million), half the previous day's three-year record of 1.479 billion ($211 million), the highest turnover since 25 January 2011 uprising.

Egyptians were net sellers at LE36.7 million ($5.3 million), while Arab and non-Arab foreign investors were net buyers, purchasing LE10.1 million ($1.5 million) and LE26.5 million ($3.8 million), respectively.

The broader index EGX70 increased by 0.64 percent.

Palm Hills went up by 2.36 percent, registering LE3.03 per share. Egypt's second-biggest listed property developer announced on Wednesday a profit of LE236.8 million ($34 million) in 2013.

Talaat Mustafa Group Holding rose by 0.99 percent to close at 7.16 per share, while Six of October Development & Investment went down by 1.03 percent, registering LE22.19 per share.

Commercial International Bank went up by 0.42 percent, closing at LE33.56 per share, while EFG-Hermes inched down by 0.18 percent, closing at LE11.19 per share.

Global Telecom Holding dropped by 1.13 percent to close at LE5.24 per share.

GB Auto gained 1.85 percent to close at LE37.50 per share.

Ezz Steel went down by 0.12 percent, registering LE16.93 per share.

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