Masress : Egypt stocks end week in green on foreign buying

Waste management reform expands with private sector involvement: Environment Minister Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting US firm VXI to create 4,000 jobs in Egypt in $135m expansion Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President Egypt's gold prices fall for 3rd day on Wednesday Egypt's FM holds talks with Arab counterparts over Iran-Israel escalation Egypt's PM urges halt to Israeli military operations Egypt sets 3-month goal to join world's top 50 in business readiness: minister UN Palestine peace conference suspended amid regional escalation Egypt advances integrated waste management city in 10th of Ramadan with World Bank support Egypt, Japan's JICA plan school expansion – Cabinet Egypt's EDA, AstraZeneca discuss local manufacturing Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates EGP opens flat against USD on Monday Sisi launches new support initiative for families of war, terrorism victims Egypt nuclear authority: No radiation rise amid regional unrest Grand Egyptian Museum opening delayed to Q4 Egypt delays Grand Museum opening to Q4 amid regional tensions Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara Egypt's EDA joins high-level Africa-Europe medicines regulatory talks Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity Egypt, Serbia explore cultural cooperation in heritage, tourism Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga Egypt launches "Memory of the City" app to document urban history Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote 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 Cabinet approves establishment of national medical tourism council to boost healthcare sector Egypt's PM follows up on Julius Nyerere dam project in Tanzania Egypt's FM inspects Julius Nyerere Dam project in Tanzania 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 stocks end week in green on foreign buying
Arab and non-Arab foreign investors drive EGX30 up 2.12 percent to 8,744 points

Ahram Online Published in Ahram Online on 24 - 07 - 2014

Egyptian stocks rallied on Thursday as Arab and foreign investors raised their purchases, analysts said.
The benchmark EGX30 index climbed 2.12 percent to record 8,744 points and the broader EGX70 index increased 0.56 percent.
"Arab and non-Arab foreign investors are more appreciative of El-Sisi's economic reform plan as they do not have to live through its social implications," Eissa Fathy, vice head of the securities division at the Cairo Chamber of Commerce, told Ahram Online.
Egyptian investors were net sellers this week to the tune of LE125.3 million, while Arab investors were net buyers to the tune of LE23.4 million and non-Arab foreign investors were net buyers to the tune of LE101.9 million.
Earlier this month, President ِAbdel-Fattah El-Sisi reduced fuel subsidies as part of the country's urgently needed economic reform programme.
Daily listed stock turnover registered around LE628 million, its highest level this week.
Out of 174 traded stocks, 125 were gainers.
Market bellwether Commercial International Bank (CIB) was the biggest gainer in the main index, rising 4.19 percent to record its highest share price this year at LE40.81 per share.
CIB reported record consolidated net profits of LE1.74 billion on Tuesday for the first half of 2014, representing a 31 percent rise from the same period in 2013 when net profits were LE1.33 billion.
Talaat Moustafa Group (TMG) holding continues to lead the real estate sector, rising 3.19 percent to LE9.42 per share.
Palm Hills Development (PHD) company also made significant gains, climbing 2.2 percent to LE4.15 per share. While Six of October for Development and Investments Company (SODIC) slightly increased by 0.03 percent to LE37.89 per share.
Egypt's leading investment bank, Egyptian Financial Group-Hermes (EFG-Hermes), saw its share price rise 2.22 percent to LE15.72 per share.
Global Telecom Holding (GTH) inched up 1.55 percent to LE5.19 per share.
Orascom Telecom Media and Technology Holding (OTMTH) increased 0.8 percent to LE1.26 per share and state-run Telecom Egypt (TE) was up 0.07 percent to LE13.45 per share.
http://english.ahram.org.eg/News/106984.aspx

Clic here to read the story from its source.