egypt stocks perk up on talk of \reconciliation\
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Egypt stocks perk up on talk of 'reconciliation'

Arab Today, arab today

Arab Today, arab today Egypt stocks perk up on talk of 'reconciliation'

Cairo - Arabstoday

EGX30 rises 0.6 pct on Monday despite fears on part of local investors of renewed political turbulence on occasion of revolution's upcoming second anniversary Egypt stocks rebounded slightly in Monday trading with foreign investors going on a limited spending spree on news of possible "reconciliation" between the country's post-revolution government and members of the former regime indicted for financial misdealing. On Sunday, Egypt's Public Funds Prosecution told Ahram Online that it was "ready" to settle outstanding cases concerning the alleged pilfering of public funds by a number of Mubarak-era officials. These officials include former finance minister Youssef Boutros-Ghali and former trade minister Rashid Mohamed Rashid. The main EGX30 index rose by 0.6 per cent for the day to reach 5,739 points. The market was helped upwards by two prominent blue chips, Commercial International Bank and Orascom Construction Industries, which rose by 0.5 and 1.8 per cent respectively. Foreign investors ended the day as net buyers, making some LE17 million in purchases. Egyptian investors, meanwhile, were net sellers to the tune of LE24.4 million. State-run daily Al-Ahram has reported that local investors fear renewed demonstrations and political turbulence on the occasion of the Tahrir Square uprising's second anniversary on 25 January. The broader EGX70 index, meanwhile, closed up by 0.2 per cent in Monday's session, which saw a total daily turnover of LE365 million. Most other high-profile shares registered slight losses for the day, led by Orascom Telecom (down 0.4 per cent), Talaat Mostafa Group (down 0.6 per cent) and Ezz Steel (down 0.3 per cent). Shares in high-end property developer SODIC bucked the trend, however, climbing by 0.6 per cent. From Ahramonline

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*

egypt stocks perk up on talk of \reconciliation\ egypt stocks perk up on talk of \reconciliation\

 



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*

egypt stocks perk up on talk of \reconciliation\ egypt stocks perk up on talk of \reconciliation\

 



GMT 10:06 2012 Saturday ,28 July

Querrey advances at ATP LA Open

GMT 21:15 2017 Thursday ,01 June

Trump condemns deadly Kabul explosion

GMT 02:15 2017 Thursday ,24 August

Is your country on the Qatar free entry list of 80?

GMT 19:48 2016 Monday ,03 October

Controversial boxing champ Tyson Fury retires

GMT 08:20 2015 Tuesday ,08 December

PC market woes show no sign of easing

GMT 17:27 2017 Tuesday ,25 April

20 Yemeni soldiers killed, injured in explosion

GMT 11:52 2017 Saturday ,30 December

OIC condemns Mar Mina Church attack

GMT 00:03 2017 Saturday ,25 March

Arab Meeting to Examine Anti-Corruption Methods

GMT 13:12 2017 Thursday ,20 April

Deputy premier meets Arab League chief

GMT 14:13 2014 Friday ,10 January

Opel Astra GTC

GMT 18:27 2016 Tuesday ,02 August

Turkish Foreign Minister arrives in Islamabad

GMT 11:27 2016 Tuesday ,13 December

Saudi woman arrested for challenging social norms
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

Maintained 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 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday