Egypt's indices drop under domestic selling pressure on Monday
Ahram Online, Monday 28 Apr 2014
Main index and EGX70 down close to 1 percent as Egyptian investors net-sellers worth LE32.7 million

Egypt’s main index continued sliding on Monday, dropping nearly 1 percent to sit at 8,166 points as daily turnover climbed to record LE884 million.

Egyptian investors, who accounted for over 77 percent of trading, were net-sellers to the tune of LE32.7 million.

The majority of EGX30's shares were in the red. Orascom Telecom Media and Technology Holding (OTMT), the most traded stock with a turnover of LE128 million, fell 3.10 percent to LE1.25 a share.

In the same sector, Global Telecom Holding saw its share price drop 1.16 percent to LE16.64 a share, while Telecom Egypt (TE) inched up 0.14 percent to LE14.66 a share.

In the real estate sector, Palm Hills Development Company saw its share plunge 3.18 percent to trade at LE3.96 a share, Six of October for Development and Investment (SODIC) was down 2.97 percent to LE26.15 and TMG Holding shed 2.21 percent to close at LE8.84 a share.

The broader EGX70 index fell 0.78 percent.