Masress : Egypt's stocks down second day in a row on profit taking

ABE chair meets Beheira, Daqahleya governors to advance agricultural development CIB launches training programme, awareness campaigns for Global Fraud Awareness Week Israel accused of ceasefire violations as humanitarian risks escalate in Gaza Maternal, fetal health initiative screens over 3.6 million pregnant women Banque Misr signs EGP 3bn revolving credit facility with SODIC The Future Begins Now: A National Alliance Bridging the Gap Between Classroom Seats and Leadership Dreams Ahl Masr Burn Hospital Concludes First Scientific Forum, Prepares for Expanded Second Edition in 2026 Egypt signs mining training agreement with Australia's Murdoch University Australia returns 17 rare ancient Egyptian artefacts Gold prices edge lower on Thursday Gaza death toll rises as humanitarian crisis deepens, Israeli offensive expands in West Bank Egypt expands rollout of Universal Health Insurance Cairo affirms commitment to Lebanese sovereignty, urges halt to cross-border violations China invites Egypt to join African duty-free export scheme Egypt calls for stronger Africa-Europe partnership at Luanda summit Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows Egypt scraps parliamentary election results in 19 districts over violations Egypt extends Ramses II Tokyo Exhibition as it draws 350k visitors to date Egypt signs host agreement for Barcelona Convention COP24 in December Al-Sisi urges probe into election events, says vote could be cancelled if necessary Filmmakers, experts to discuss teen mental health at Cairo festival panel Cairo International Film Festival to premiere 'Malaga Alley,' honour Khaled El Nabawy Cairo hosts African Union's 5th Awareness Week on Post-Conflict Reconstruction on 19 Nov. Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team Egypt launches National Strategy for Rare Diseases at PHDC'25 Egypt adds trachoma elimination to health success track record: WHO Grand Egyptian Museum welcomes over 12,000 visitors on seventh day 'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo Egypt launches Red Sea Open to boost tourism, international profile Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism Sisi expands national support fund to include diplomats who died on duty Egypt's PM reviews efforts to remove Nile River encroachments Egypt resolves dispute between top African sports bodies ahead of 2027 African Games Germany among EU's priciest labour markets – official data Paris Olympic gold '24 medals hit record value It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game Russia says it's in sync with US, China, Pakistan on Taliban 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 down second day in a row on profit taking
Egypt's main index falls nearly .50 percent as re-pricing continues

Ahram Online Published in Ahram Online on 26 - 08 - 2014

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

Clic here to read the story from its source.