Egypt stocks slow but stay in the green
Ahram Online, Tuesday 6 Aug 2013
Egypt's main index gained just 0.19% on Tuesday with Egyptian investors remaining net buyers and turnover remaining sturdy ahead of the Eid holiday


Egypt’s main index continued its rise on Tuesday, gaining 0.19 percent to sit at 5,626 points at the end of the session.

Egyptian investors remained net buyers, to the tune of LE71.3 million, while Arab and foreign investors were net sellers at a session where total turnover remained relatively strong at 407.7 million.

Though the majority of the EGX 30 shares were in the green, blue chip Commercial International Bank, which had lately been on the rise with the de-listing of former largest listed company, Orascom Construction Industries from the EGX30, fell 1.3 percent and so did property share Palm Hills Development company, by 0.8 percent.

Real estate heavyweight TMG Holding gained 0.81 percent, in spite of reporting declining net profit for the first half of 2013 and Six of October for Development and Investment also rose, by 3.06 percent.

Leading investment bank Egyptian Financial Group-Hermes gained 1.2 percent.

The broader EGX 70 was down 0.02 percent.

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