Egypt's stocks were back in the green on Sunday, cutting short a market correction which started on Thursday after a week of gains. The main index was up 1.32 percent to 9,497 points, while the EGX70 index rose 1.19 percent. Last Thursday, the benchmark index EGX30 dropped 0.68 percent after rising 1.3 percent over two sessions following a press conference announcing the details of a mega project in Egypt's Suez Canal. Non-Arab foreign investors were net-sellers for the second time since July to the tune of LE18 million. Egyptian investors were net-buyers for LE20.7 million and Arab investors were net-sellers for LE2.6 million. Turnover was relatively weak, at LE645 million, usual at the start of the trading week. Real estate shares were the most active gainers in the EGX30, with TMG Holding topping the list with a traded value of LE76.4 million, rising 3.98 percent to trade at LE10.7 a share. Six of October for Development and Investment Company (SODIC) recorded the second highest turnover of LE44.5 million, as its share price rose 1.78 percent to LE48.54. Palm Hills Development Company was up 1.37 percent to LE4.44. Global Telecom Holding gained 1.49 percent to LE5.45 and fixed line operator Telecom Egypt rose 0.44 percent to LE13.70. Investment bank EFG-Hermes saw its share price rise 2.77 percent to LE18.56. Market bellwether Commercial International Bank (CIB) climbed 0.63 percent to LE46.26. http://english.ahram.org.eg/News/109126.aspx
