Masress : Egypt's stocks up on CIB and real estate sector gains

Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures United Bank achieves EGP 1.51bn net profit in H1 2025, up 26.9% year-on-year Saib posts $16.86m net profit in H1 2025 Resumption of production at El Nasr marks strategic step towards localising automotive industry: El-Shimy Egypt, UNDP discuss outcomes of joint projects, future environmental cooperation After Putin summit, Trump says peace deal is best way to end Ukraine war China's Jiangsu Zhengyong to build $85m factory in Egypt's Ain Sokhna: SCZONE Egypt condemns Israeli plan to build 3,400 settler homes in West Bank Egyptian pound ticks up vs. US dollar at Thursday's close Fitch Ratings: ASEAN Islamic finance set to surpass $1t by 2026-end Egypt, Namibia explore closer pharmaceutical cooperation Renowned Egyptian novelist Sonallah Ibrahim dies at 88 Egypt's FM discusses Gaza, bilateral ties in calls with Saudi, South African counterparts Egypt prepares to tackle seasonal air pollution in Nile Delta 27 Western countries issue joint call for unimpeded aid access to Gaza Egyptian, Ugandan Presidents open business forum to boost trade Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken' Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance Egypt's Sisi, Uganda's Museveni discuss boosting ties Egypt, Colombia discuss medical support for Palestinians injured in Gaza Egypt, Huawei explore healthcare digital transformation cooperation Egypt's Sisi, Sudan's Idris discuss strategic ties, stability Egypt's govt. issues licensing controls for used cooking oil activities Egypt to inaugurate Grand Egyptian Museum on 1 November Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement Korean Cultural Centre in Cairo launches folk painting workshop Greco-Roman rock-cut tombs unearthed in Egypt's Aswan Egypt reveals heritage e-training portal Sisi launches new support initiative for families of war, terrorism victims Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary Germany among EU's priciest labour markets – official data Paris Olympic gold '24 medals hit record value A minute of silence for Egyptian sports Russia says it's in sync with US, China, Pakistan on Taliban It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights Sudan says countries must cooperate on vaccines Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19 Egypt to tax bloggers, YouTubers Egypt's FM asserts importance of stability in Libya, holding elections as scheduled We mustn't lose touch: Muller after Bayern win in Bundesliga Egypt records 36 new deaths from Covid-19, highest since mid June Egypt sells $3 bln US-dollar dominated eurobonds Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform

Thank you for reporting!

This image will be automatically disabled when it gets reported by several people.

Egypt's stocks up on CIB and real estate sector gains
Rising real estate shares buoy main index EGX30, up 0.88 percent with LE1.3 billion in total turnover

Ahram Online Published in Ahram Online on 20 - 05 - 2014

Egypt's market inched up for the second consecutive day on real estate sector gains. The main index EGX30 gained 0.88 percent on Tuesday to 8,658 points.
Market bellwether Commercial International Bank (CIB) gained 2.14 percent to LE38.64 a share.
The other big cap Telecom Egypt lost 0.84 percent to LE14.21.
In the same sector, Global Telecom Holding inched up 0.19 percent to LE5.93. Orascom Telecom Media and Technology Holding (OTMT) gained 0.74 percent to LE1.37 a share.
The real estate sector led the market in terms of turnover. TMG Holding gained 2.86 to close at LE9.72, Palm Hills inched up 0.88 to LE4.59 and Six of October Development and Investment (SODIC) increased 1.77 percent to LE28.11.
United Housing and Development lost 1.1 percent to end the day at LE16.17.
Egyptian investors were the only net buyers, recording a net flow of LE42.3 million ($6.47 million), while foreigners and Arabs were net sellers.
Total turnover was high with LE1.3 billion ($185 million).
Out of 184 stocks traded during the day, 79 gained while 75 declined.
The broader index EGX70 gained 0.31 percent.
http://english.ahram.org.eg/News/101824.aspx

Clic here to read the story from its source.