Arab Today, arab today egyptian stocks slip slightly
Last Updated : GMT 07:11:16
Arab Today, arab today
Arab Today, arab today

Egyptian stocks slip slightly

Arab Today, arab today

Arab Today, arab today Egyptian stocks slip slightly

Cairo - Arabstoday

Scheduled protests to mark the revolution\'s second anniversary affect the market, with foreign investors selling heavily Egyptian stocks declined slightly on Monday ahead of the second anniversary of the January 25 Revolution, with opposition groups planning anti-Brotherhood demonstrations on the day. Egypt\'s benchmark EGX30 index declined by a slim 0.77 per cent to reach 5,640 points. The broader-based EGX70 also witnessed a downturn of 1.3 per cent. Out of 171 traded stocks, 122 suffered losses while only 19 registered gains. Blue-chip stocks Orascom Construction Industries (OCI) and Commercial International Bank (CIB) both tumbled by 1 per cent and 0.56 per cent. Market experts expressed concerns that Friday\'s scheduled rallies could turn violent and have negative repercussions on the market. \"Investors are selling ahead of the stressful weekend protests that are expected to hit the streets,\" Mohamed Radwan, director of international sales at Pharos Securities, told Reuters. \"People would rather be out of the market.\" Foreign investors were net sellers for the day, offloading a significant LE106 million worth of shares, in line with trends seen last week. Egyptian and Arab investors, meanwhile, represented net buyers, picking up almost LE90 million and LE16 million in stocks respectively. Trade volume, which reached LE407 million, remains weak, showcasing the stock market\'s overall poor performance. The telecom sector was the best performing sector on Monday, with Orascom Telecom Holding (OTH) rising by 2.42 per cent. From Ahramonline

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 stocks slip slightly Arab Today, arab today egyptian stocks slip slightly

 



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
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