The Egyptian market's continued period of stock re-pricing has caused the benchmark index EGX30 to lose 0.47 percent on Tuesday. Egyptian investors were net sellers to the tune of LE25.55 million ($3.6 million) while foreigners, Arabs and non-Arabs were net buyers. Unusually, Arabs' net flow was considerably higher than non-Arabs, to the tune of LE24.47 ($3.4 million). Market bellwether Commercial International Bank (CIB) inched down 0.8 percent to LE45.73 per share. TMG Holding of the real estate sector fell by 1.88 percent to LE10.43 while Madinat Nasr Housing lost 1.11 percent to LE45.32. Egyptian Financial Group-Hermes Holding Company lost 0.6 percent to LE18.22 and Amer Group Holding fell by 1.55 percent to LE1.27. The telecom sector helped sustain the market with Global Telecom Holding and Telecom Egypt, two of the market's biggest caps gaining 0.93 percent to LE5.41and 2.85 percent to LE14.09 respectively. Orascom Telecom Media and Technology Holding of the same sector lost 0.8 percent, however, to reach LE1.24. Daily turnover was relatively low at LE691.3 million ($97.3 million). The broader index EGX70 fell by 0.09 percent. http://english.ahram.org.eg/News/109272.aspx
