Arab Today, arab today egypt\s stocks near 6month high on optimistic investors
Last Updated : GMT 04:23:32
Arab Today, arab today
Arab Today, arab today

Egypt\'s stocks near 6-month high on optimistic investors

Arab Today, arab today

Arab Today, arab today Egypt\'s stocks near 6-month high on optimistic investors

Cairo - Arab Today

Egyptian stocks continue their upturn for the second consecutive session on Tuesday as the main index hits a nearly six-month high, recording 5,645 points. “There is wide positive sentiment among investors, foreigners in particular, that the Egyptian stock market seems to be stable, despite Islamist protests in the streets,” said Mostafa Badra, a Cairo-based market expert. The EGX30 rose slightly by 0.12 percent in a session which saw a significant daily turnover of the listed securities, worth some LE350 million (roughly $50 million). The broader index EGX70 rose 2.7 percent. “Enormous participation and the attractive prices of the small-scale shares listed in EGX70 have bolstered the index performance,” Badra told Ahram Online. The bellwether stock Commercial International Bank dipped 2.1 percent due to the profit-taking process by foreign investors who were net-sellers, with some LE28 million (roughly $4 million) in sales. Egyptians were net-buyers with some LE32 million (roughly $4.5 million). Telecom Egypt also declined 1.5 percent, as the company recently has been seeing several rumors spreading over its licence to operate the soon-to-be fourth domestic mobile services network. On Monday the company denied that it would sell its 45 percent stake in Vodafone Egypt in order to obtain the new operating licence. Property shares all went up, led by Talaat Mostafa Group (1.7 percent), Palm Hills (0.8 percent) and Six of October Development and Investment (3 percent). The heavyweight stock Orascom Telecom saw a modest rise of 0.8 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt\s stocks near 6month high on optimistic investors Arab Today, arab today egypt\s stocks near 6month high on optimistic investors

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today egypt\s stocks near 6month high on optimistic investors Arab Today, arab today egypt\s stocks near 6month high on optimistic investors

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday