Egypt's stocks fell as the market went through stock re-pricing on the back of investment news and banks reporting profits, said an analyst. The benchmark index EGX30 dropped 0.97 percent to record 9,403 points and daily stock turnover registered LE735 million ($105 million). Egyptian investors were net sellers to the tune of LE12.8 million ($1.8 million) while non-Arab foreign investors were net buyers to the tune of LE11.7 million ($1.6 million). "The market is fluctuating as it is going through re-pricing for its share values," Eissa Fathy, vice head of the securities division at Cairo Chamber of Commerce, told Ahram Online. Banks have reported considerable profits for the first half of 2014 and the Egyptian economy is seeing some significant reforms and investments, all of which are pushing the market to re-pricing, a bumpy process, added Fathy. The EGX30 has been going up over the past few weeks, breaking record levels. However, the index dropped at the end of last week and rose at the beginning of this week. Six of October for Development and Investment Company (SODIC) declined 3.87 percent to LE46.25 per share, as compared to moving around LE20 per share in April. Heliopolis Housing and Madinat Nasr Housing also fell 2.36 percent to LE66.25 per share and 2.72 percent to LE45.7 per share respectively. Amer Group Holding dropped 2.27 percent to LE1.27 per share despite assuring it has a strong stance in the arbitration case against the company's project in Syria. Entradaws Company for the development of tourism has resorted to international arbitration against Amer Group Holding Company and Amer Syria to demand LE1.232 million ($176 million) in compensation for the delay in the Porto Tartous project. Market bellwether Commercial International Bank (CIB) inched down 0.35 percent to LE45.8 per share. Egyptian Financial Group-Hermes (EFG-Hermes) fell 1.24 percent to LE18.35 per share. The broader index EGX70 inched down 0.34 percent. http://english.ahram.org.eg/News/109196.aspx