Arab Today, arab today egypt\s property shares push market up 03 percent
Last Updated : GMT 18:44:55
Arab Today, arab today
Arab Today, arab today

Egypt\'s property shares push market up 0.3 percent

Arab Today, arab today

Arab Today, arab today Egypt\'s property shares push market up 0.3 percent

Cairo - Arabstoday

Egypt’s stocks rebounded Wednesday from minor losses yesterday on activity in the real estate and financial services sectors. The main index, the EGX30, closed up 0.3 per cent recording 5.911 points and is expected to reach the limit of 6000 on Thursday for the first time since December 2010. Mostafa Badra, a capital market expert, told Ahram Online that investor confidence in stable property shares pushed up the market as the sector made 18.5 per cent of the total daily turnover, which stood at LE931 million. "I think that the market will surpass LE1 billion tomorrow," Badra commented. Palm Hills Development (PHD), Six of October Development and Investment (SODIC) and Talaat Mostafa Group (TMG) saw rises of 2.1 per cent, 0.3 per cent and 3.6 per cent respectively. Similarly, the financial services’ sector, including EFG-Hermes (down one per cent) and Citadel Capital (up 4.3 per cent), was active during trading for the day, seeing a turnover of LE237.3 million. Meanwhie, the Algerian government is negotiating with Egypt's ASEC Cement to acquire a minority stake in its Algeria-based operations, the firm's main stakeholder told the stock exchange Wednesday. Cairo-based private equity firm Citadel Capital has a 48.5 per cent share in ASEC Holding, which in turn owns 61 per cent in ASEC Cement. Egypt’s largest steel producer, Ezz Steel, gained 4.2 per cent in trading. On the other hand, heavyweight shares Orascom Construction Industries (OCI), Orascom Telecom Holding (OTH) and Commercial International Bank (CIB) remained on foreign investors’ profit-taking list, who sold some of LE31.1 million. OCI fell 0.1 per cent while OTH and CIB stood unchanged at zero. OTH on Tuesday announced its audited results for the first half of 2012, showing a before-tax income of LE1.5 billion representing 59 per cent growth on the same period last year. The broader EGX70 index slipped 1.1 per cent. (ahram)

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 egypt\s property shares push market up 03 percent Arab Today, arab today egypt\s property shares push market up 03 percent

 



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 Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

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

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
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 Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

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 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