Egypt's FEC, TRAIN partner to support food exporters    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    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    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 bourse rallies on Monday, buoyed by large caps
EGX30 up 1.84% after three sessions in the red as market bellwether CIB hits record high of LE50.90
Ahram Online Published in Ahram Online on 29 - 09 - 2014

Egypt's main index rallied on Monday after three consecutive sessions in the red, gaining 1.84 percent to close at 9779 points.
Turnover value of listed stocks remained relatively weak at LE542 million.
Egyptians were net-buyers for LE45.9 million, while Arab investors were net-sellers for LE29.5 million, and non-Arab foreigners were net-sellers LE16.4 million.
Market bellwether Commercial International Bank (CIB) rallied after several sessions of consecutive losses, rising 2.63 percent to close at LE50.66, after hitting a record high of LE50.90 during the session and achieving a turnover value of LE68.3 million, the highest in the index.
Pioneers Holding, the second most traded stock on Monday with a turnover value of LE39.9 million, climbed 3.98 percent to trade for LE.13.59. The financial services company had sent a release to the exchange on Sunday saying that it was in negotiations with Heliopolis Housing to finance the development of a 550 feddan plot of land.
Real estate giant TMG Holding rose 1.14 percent to trade for LE11.52.Second-largest property developer Six of October for Development and Investment Company (SODIC) soared 9.98 percent to trade for LE16.64, while Palm Hills Development company inched up 1.64 percent to LE4.34.
Cairo-based investment bank EFG-Hermes rose 0.64 percent to close at LE18.81.
Ezz Steel rebounded by 2.18 percent to close at LE18.73.
Majority state-owned fixed line operator Telecom Egypt saw its share price fall 0.85 percent to LE14.02,
The broader EGX70 index was up 1.93 percent.
http://english.ahram.org.eg/News/112001.aspx

Clic here to read the story from its source.