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Egypt stocks see sideways movement on Wednesday
EGX30 closes 0.16% up as turnover drops to below LE600 million
Ahram Online Published in Ahram Online on 27 - 08 - 2014

Egypt stocks closed 0.16 percent up on Wednesday after a sideways session characterised by weak turnover.
The EGX30 ended its session at 9,374 points, with the index split evenly between losers and winners.
Global Telecom recorded the highest turnover in the index, with LE54.9 million ($7.8 billion), rising 0.92 percent to LE5.46 a share.
Real estate shares were also among the most active. Six of October for Development and Investment Company (SODIC) fell 2.71 percent to LE44.96, TMG Holding rose 0.29 percent to LE10.46, and Palm Hills Development Company inched up 0.23 percent to LE4.36.
Market bellwether Commercial International Bank (CIB) slid 0.09 percent to LE45.69.
Cairo-based investment bank EFG-Hermes fell 1.1 percent to LE18.02.
Telecom Egypt rose 2.27 percent to LE14.4 a share.
Egyptian and Arab investors were net-sellers, for LE3.6 million and LE21.5 million, respectively, while non-Arab foreigners, who accounted for 13 percent of market activity, were net-buyers to the tune of LE25.1 million.
Total turnover dropped to LE597 million ($85.2 million).
The broader EGX70 index inched down 0.01 percent.
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