Zamalek's Ibrahim set for Maritimo switch    Egypt allows aid convoy to Palestinians passage towards Gaza    NGOs demand government to stop fight against civil society    Egypt set to play Ethiopia friendly in August    UK foreign secretary urges Hamas to accept ceasefire without preconditions    Egypt Super Cup to be played in Cairo: EFA member    Former Chelsea star Lampard joins New York City    Gaza death toll exceeds 770, Israel's tops 35    Egypt banks, stock exchange to close for Islamic holiday, 28-30 August    French jets search for missing Air Algerie flight: Army    UN Human Rights Council investigates human rights violations in Palestine    Call for entries to Human Rights Int'l Film Festival - Palestine 2014: Deadline 30 July    Likely many French on missing Air Algerie flight: Minister    More works found at German collector's apartment    easyJet sees annual profit rising at least 14 pct    Al Pacino, Dafoe set for Venice Film Festival    Gallup ranks Egypt ‘third most negative country', but silver linings remain    Updated: El-Sisi Urges Gaza Ceasefire during Speech on Revolution Anniversary    Al-Jazeera Team Did "Devil's" Work, Says Egyptian Judge    Made in Prison    CIB Egypt Attains 31% Increase in H1 Net Profits    Egypt's El-Sisi to Speak to the Nation Thursday    Egypt destroys rockets smuggled from Gaza    Iran's supreme leader calls for end to "murderous" Israeli regime    Gaza death toll tops 700 as US lifts ban on flights to Israel    Military reveals investigation findings of Al-Farafra attack    Power stations boosting fuel consumption at expense of industrial sector: EGAS    Sinai Cement begins preparations for coal usage    Finance Ministry expects EGP11bn from special funds and accounts for FY 2014/2015: Ministry official    One child killed every hour in Gaza: UNOCHA    Egypt Puts Clocks forward Starting Thursday    Kerry, Top Aides Frisked with Metal Detectors at Sisi' Presidential Palace    Over 2,000 foreign Workers Left Egypt in 2013: CAPMAS    Sisi: Current Crisis the Biggest Facing Egypt    Egypt's steel industry files anti-dumping claim against imports    Kerry Supports Egypt's Ceasefire, Says Hamas Has 'Profound' Choice to Make    Egypt puts clocks forward starting Thursday    2 tribal leaders killed in North Sinai    Fathi set for Ahli after unsuccessful Arsenal trial    Egypt to Reopen Gaza Border on Tuesday    Egypt Cup goes to Al-Zamalek, Smouha left empty-handed    Egypt Prime Minister Steps In To End Military Issue Surrounding Chelsea's Salah    Handball: Egypt Drawn With France, Sweden In World Championship    Universal Acquires Jolie-Pitt Film Project 'By The Sea'    Egypt To Pardon Prisoners On Anniversary Of 1952 Revolution    Exhibit celebrates mobile phone photography    Don't shoot I hoot    Putting a face on the ‘Humans of Cairo'    







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




Your friends recommend

Egypt shares see mid-Tuesday surge
Recent news for financial heavyweights spurs strong gains for the stock market
Published in Ahram Online on 04 - 09 - 2012

Egypt stocks are seeing significant gains mid-Tuesday, the benchmark EGX30 index up 1.9 per cent at 5,634 points, some two hours into the trading session.
Turnover has already reached LE330 million ($55 million), with Orascom Construction Industries and Orascom Telecom Holding being the most active shares, up 2.25 and 3 per cent, respectively.
"Investors seem to have an open appetite for trading today, and I believe it is driven by the recent announcement of major business deals," says Ashraf Abdel Aziz, head of institution sales at Arabeya Online Securities.
Recent days saw National Societe General Bank (NSGB) and investment bank EFG-Hermes both announce major acquisition deals.
On Monday, oil giant BP said it would invest $10 billion in a new natural gas project on Egypt's Mediterranean coast, while a senior US official suggested the Obama administration was close to granting the new Egyptian government $1 billion in debt relief.
Shares in NSGB gained 8.13 per cent by midday, while EFG-Hermes shares were up 2.5 per cent.


Clic here to read the story from its source.