Arab Today, arab today egyptian stock exchange ends the week on a positive note
Last Updated : GMT 08:45:09
Arab Today, arab today
Arab Today, arab today

Egyptian stock exchange ends the week on a positive note

Arab Today, arab today

Arab Today, arab today Egyptian stock exchange ends the week on a positive note

Cairo - Arab Today

Egyptian benchmark EGX30 index made up somewhat for the week’s heavy losses on Thursday, gaining 1.17 percent to reach 4,651 points. The index had fallen 5 percent on Wednesday to reach a one-year low.   \"Over the past days, buyers were awaiting another wave of selling to drag shares’ prices down further,\" Issa Fathi, vice president of the securities division at the Egyptian Chamber of Commerce told Ahram Online. \"On Thursday, selling operations decreased slightly, forcing buyers to raise prices,\" he added. Turnover, however, decreased considerably compared to Wednesday, to register LE172.2 million ($24.6 million). Egyptians, worried by political instability, continued to be net sellers, registering a net flow of LE47.5 million, while foreign and Arab investors were net buyers. \"Foreigners and Arab are eyeing medium and long term investments,\" underlines Fathi. In general, when share prices drop beneath their real market price, they become attractive for long term investment, as a rise in value over time is almost certain. Egyptian stocks were dealing in the red since the beginning of June, with the exception of Tuesday\'s and Thursday\'s sessions. The market was driven during today\'s session by solid performances by market bellwethers Commercial International Bank (CIB) and Orascom Construction Industries (OCI) on the London Stock Exchange. On the Egyptian exchange, CIB gained 1.36 percent while OCI rose by 0.09 percent. Orascom Telecom Holding (OT) and Telecom Egypt gained 1.33 percent and 1.10 percent respectively and Egypt\'s biggest investment bank EFG-Hermes rose by 2.15 percent. Over the week, the EGX30 has lost 8.1 percent. Fathy expects a better performance over the coming week, with the market stabilising and reducing its losses or even to achieving slight gains. However, he believes turnover will be low. Out of 158 shares traded over the day, 80 gained in value while 51 lost. The broader index EGX70 gained 0.52 percent. From : Ahram Online

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 egyptian stock exchange ends the week on a positive note Arab Today, arab today egyptian stock exchange ends the week on a positive note

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Kalam Nawaem made a difference in social issues

GMT 06:43 2017 Tuesday ,28 February

Kalam Nawaem made a difference in social issues

GMT 18:07 2017 Monday ,27 February

Indian markets open flat

GMT 05:14 2017 Monday ,27 February

New Saudi stock market opens with gains of 20%

GMT 15:57 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 15:41 2017 Sunday ,26 February

Ooredoo Posts 4 Pct Increase in Net Profit in 2016

GMT 14:44 2017 Sunday ,26 February

Muscat shares fall on local selling

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Aspires present the story of Egypt’s first president

GMT 06:18 2017 Sunday ,26 February

Aspires present the story of Egypt’s first president
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 06:28 2017 Tuesday ,28 February

Dumbphones survive rise of the smartphone

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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