VIDEO: Morocco's Raja advance in CWC    Morocco's Raja secure dramatic 2-1 victory over Auckland in Club World Cup    When every drop counts    Senegal's Demba Ba scores rare goal as Chelsea advance as group winners    What Iranians think    Mirepoix    Theatrical eruption    MUSIC AND DANCE    Campus rebellions    An Egyptian in space    Cordiality not enough    Calling the vote    Lippi wary of well-organized Ahli    Students detained, investigated after clashes with police    Al-Sisi meets US military commander    Clashes between students and security forces continue    Judge recuses himself from Brotherhood leaders' trial    DNE Investigates: Political sentencing and the Alex 21    Mobinil expected to see profitability in 2015 and plans to invest EGP 2.5bn in the coming year: Managing director    Over a dozen arrested for ‘protesting without a notice'    US suspends non-lethal aid to northern Syria    Mohamed Safwat tops Futures 35 tennis    Premier League fixtures draw postponed indefinitely    19 defect from Kony's Lord's Resistance Army    EBRD lends Egypt's Juhayna $73 mn for expansion    Sochi Sets Up Protest Zones In City: IOC    Blackberry BBM Channels Blocked On UAE Mobile Phones    Egypt Post launches visa card service    Egyptian SMEs resist internet lure    CPJ calls for investigations into killing of journalists    Euro Film Panorama wraps up but Zawya pushes on    Egypt Shares Gain EGP1.45 bln at Midday    Iran commander suggests foreign min stay out of military affairs: Report    International Volunteer Day Event    Iconic Poet Abdel Rahman Al-Abnoudy is honourary president of the Second Edition of the Luxor Egyptian and European Film Festival    Russian Tourists To Go To Egypt, Thailand, UAE, India For New Year    Invisible in prison, Mandela was kept in spotlight by music    Turkish fashion label wins prestigious Jameel Islamic art prize    Weapons Watchdog Receives Nobel Peace Prize    GM To Halt Car Production In Australia, Industry In Crisis    Nile Nations Agree Panel To Oversee Study On Ethiopia Dam Impact    Egypt: Renaissance Dam's Controversial Points Approved    Egypt To Hold Mid-January Constitutional Referendum: Minister    UPDATE: Egypt Security Forces Begin To Release Detained Syrian Refugees    Police Enter Universities Upon Persistent Requests Only, Official Says    Interview: Egypt's Moussa Defends Draft Charter    Uruguay becomes first country to legalize marijuana trade    Egypt Recovers Looted Pharaonic Statue    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Related stories
Market Report: Egypt shares dip 1 pct amid new wave of profit-taking
Exchange sees a modest retreat, its first in three days, as canny investors cash in high-cap shares to take advantage of recent gains
Market Report: Egypt's stocks slip in a calm session, despite politics
While Egypt's headline index dipped, all other indexes saw marginal rises as investors engaged in various ownership swap deals
Weekly Stock Review: Egypt stock market ends week down 6 pct
Market Report: Egypt's major stocks climb 1.3 pct on telecoms rally
Orascom Telecom's return to the market spurs a Sunday appetite for high-cap stocks, as investors ignore imminent protests and push turnover to a recent high
Market Report: Egypt stocks bounce back 1.6 pct on Orascom hopes
Financial results and an imminent asset-split for the country's largest listed firm steer the exchange to its first overall gains in three days

Your friends recommend

CIB drives Egypt market upwards; trading sees significant recovery
Main EGX30 gains 0.75 per cent to close in on its highest point in the last six months; turnover reaches $106 million as the market looks ripe for recovery
Ahram Online Published in Ahram Online on 27 - 08 - 2012

Egypt's market continued on its gains streak on Monday with turnover seeing a major boost recalling pre-uprising levels. Monday's gains were driven primarily by the impressive performance of the Commercial International Bank and the real estate sector.
The main EGX30 index gained 0.75 per cent to close at 5,281 nearing its six months high of 5,452 points. Turnover reached LE636 million ($106 million), a level rarely seen in the struggling market since March 2011.
Egyptian investors drove the market on Monday, making up 78.5 per cent of trading and net-buying at LE13 million.
The Commercial International Bank (CIB), Egypt's largest private bank, was the most active share in Monday's session and the main engine behind today's gains, contributing 10 per cent of the session's volume. CIB gained 1.55 per cent to close at a share price of LE29.5.
Both Orascom Telecom (OT) and Orascom Telecom and Media Technology (OTMT) marking LE34 million in turnover. OT gained a meagre 0.28 per cent while OTMT dropped 1.69 per cent.
Out of 179 shares traded, 137 saw their value increase while 31 deteriorated. Eleven shares remained unchanged.
The broader index, EGX70, which measures the performance of smaller shares, gained 1.17 per cent in Monday's session to close at 484 points.
The Bourse's largest share, Orascom Construction Industries (OCI), which usually sets the tone for trade, increased by 0.35 per cent to land at LE276.07 per share. It saw LE29.1 million in turnover.
The Real Estate sector boosted its year-to-date surge, gaining 1.57 per cent, on the back of the surge in Palm Hills Development (PHD), Egypt's second largest listed developer. The developer which was beleaguered with legal ambiguity regarding its land bank saw its share price grow 0.44 per cent to close at LE2.26.
Real Estate giant, Sixth of October Development and Investment (SODIC), gained an impressive 4.58 per cent to close at LE22.13 per share. Earlier in August, the country's third-biggest listed property developer, posted a first half net profit of LE85.1 million ($14 million) for 2012 on Wednesday, compared to LE120.0 million loss for the same period a year ago.

Clic here to read the story from its source.