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Egypt's market opens week in the green

While market bellwethers inched down on Sunday trading, the EGX30 and EGX70 indexes both ended the day on the up

Ahram Online, Sunday 9 Feb 2014
Egyptian Stock Exchange (Photo:Al-Ahram)
Views: 804
Views: 804

Egypt's benchmarck EGX30 index inched up 0.47 percent to reach 7461 points Sunday.

The turnover of listed stock registered LE807.2 million ($116 million).

Egyptian investors were net buyers at a net value of LE12 million ($1.7 million).

Out of 182 traded stocks, 106 were gainers.

Six of October Development and Investment Company (SODIC) and Palm Hills Development increased 2.81 percent and 1.6 percent to close at LE24.15 ($3.5) per share and LE3.18 ($0.45) per share respectively.

The market's biggest caps mostly declined.

Market bellwether Commercial International Bank dropped 0.09 percent to close at LE33.01 ($4.7) per share.

Global Telecom Holding (GTH) and Telecom Egypt (TE) both saw their share prices fall. GTH shares closed at LE5.05 ($0.73) per share, a 0.59 percent decrease, while TE shares inched down 0.88 percent closing at LE14.61 ($2.1) per share.

The broader index EGX70 gained 0.37 percent.

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