egypt’s bourse up 03 ending a full week in the green
Last Updated : GMT 18:26:54
Arab Today, arab today
Arab Today, arab today

Egypt’s Bourse up 0.3%, ending a full week in the green

Arab Today, arab today

Arab Today, arab today Egypt’s Bourse up 0.3%, ending a full week in the green

Cairo - Arabstoday

Egyptian stocks saw their fourth consecutive session of gains Thursday, powered upwards by the return of investors after the holiday season, relative political stability and a surge of interest in real estate. The benchmark EGX30 edged up 0.31 per cent to close the week at 3.777.88 points. \"The political scene is getting calmer and fears that the planned protests on 25 January might turn violent are declining,\" explains Eissa Fathy, vice president of the securities division in the chamber of commerce. \"[The religious authorities at] Al-Azhar and the army are trying to ease tensions and it seems to be working.\" Total turnover reached LE221.2 million on Thursday, significantly higher than its average over the past few months. Market volume reached its lowest level in a decade on 25 December when it plunged to LE98.8 million. \"The market needs liquidity to see real growth ... it\'s slowly gaining momentum,\" said Fathy. The market\'s largest gains over the past 3 months were on 29 November – the second day of Egypt\'s elections -- when turnover soared above LE400 million and the EGX30 climbed more than 5 per cent, Fathy recalls. \"Stock prices are highly undervalued and there is much room for improvement,\" he adds. Egyptian made up around 63 per cent of trade; foreigners neared 25 per cent while comprised Arabs 12 per cent. Some of the Bourse\'s major shares saw losses, with Orascom Construction Industries, Telecom Egypt and Mobinil down 0.14, 0.51 and 1.21 per cent respectively. It was left to the battered real estate sector to give the market a major boost, encouraged by the government\'s formation of a commission to look into settling land disputes with private companies. The settlement commission kicked off its activities by approving the resolution of disputes with Dubai’s Damac Properties Co. and Al-Futtaim. Several real estate developers have faced legal action disputing their ownership of state lands amid claims they acquired them at cut-prices due to the corrupt practices of officials in Mubarak\'s regime. Encouraged by the news, shares in Palm Hills Development gained 3.48 per cent, TMG Holding was up 2.88 per cent and Six of October Development & Investment (SODIC) rose a further 2.95 per cent. \"Trust in real estate shares has been restored after the government\'s announcement,\" believes Fathy. The broader EGX70 index  was up a minor 0.80 per cent while the EGX100 edged 0.51 per cent. From the 172 shares traded, 118 gained in value and 41 declined.

arabstoday
arabstoday

GMT 14:54 2017 Sunday ,19 November

Bahrain Bourse daily trading performance

GMT 03:16 2017 Saturday ,18 November

Asian markets head for positive end to volatile week

GMT 11:57 2017 Friday ,17 November

US stocks boosted by solid Wal-Mart, Cisco earnings

GMT 06:51 2017 Friday ,17 November

Bahrain Bourse daily trading performance

GMT 03:57 2017 Thursday ,16 November

Stock markets retreat as oil slides

GMT 15:05 2017 Wednesday ,15 November

Bahrain Bourse daily trading performance

GMT 02:47 2017 Wednesday ,15 November

Asian markets down as fears grow for US tax reform

GMT 19:56 2017 Tuesday ,14 November

Bahrain Bourse daily trading performance
Arab Today, arab today
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*

egypt’s bourse up 03 ending a full week in the green egypt’s bourse up 03 ending a full week in the green

 



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’s bourse up 03 ending a full week in the green egypt’s bourse up 03 ending a full week in the green

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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