Egyptian stocks continued to drop on Thursday, with the benchmark EGX30 index losing a further 0.13 percent to land at 5,352.6 points ahead of planned weekend demonstrations. The index had reversed a winning streak on Wednesday, tumbling 1.7 percent after fears of continued instability were heightened after an explosive device went off at a police station near the security directorate in Mansoura, the capital of Daqahliya governorate in the Nile Delta, killing at least one conscript and injuring more than 25 late Tuesday. But more significant worries were generated among foreign and domestic investors when Egyptian Armed Forces commander-in-chief Abdel Fattah El-Sisi called for nationwide rallies Friday to furnish the army and police with a popular mandate to crack down on "violence and terrorism." Egyptian investors, who make up 83 percent of the market, were the only net sellers, for LE11.4 million, at a session which saw turnover of listed securities drop to LE314.9 million. Many of the main index shares were in the red, with blue chip Commercial International Bank (Egypt) falling 1.12 percent and Orascom Telecom (OT) sliding 0.45 percent. Among the total 57 gaining stocks in the market, however, were bellwether Orascom Construction Industries (OCI), up 0.29 percent, as well as property shares Six of October Development & Investment (SODIC) and TMG Holding, which rose 0.58 percent and 0.63 percent, respectively. The broader EGX70 index, however, gained 0.5 percent.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor