Egypt's PM: International backlash grows over Israel's attacks in Gaza    Egypt's PM reviews safeguard duties on steel imports    Egypt backs Sudan sovereignty, urges end to El-Fasher siege at New York talks    Egyptian pound weakens against dollar in early trading    Egypt's PM heads to UNGA to press for Palestinian statehood    As US warships patrol near Venezuela, it exposes Latin American divisions    More than 70 killed in RSF drone attack on mosque in Sudan's besieged El Fasher    Egypt, EBRD discuss strategies to boost investment, foreign trade    DP World, Elsewedy to develop EGP 1.42bn cold storage facility in 6th of October City    Al-Wazir launches EGP 3bn electric bus production line in Sharqeya for export to Europe    Global pressure mounts on Israel as Gaza death toll surges, war deepens    Cairo governor briefs PM on Khan el-Khalili, Rameses Square development    El Gouna Film Festival's 8th edition to coincide with UN's 80th anniversary    Cairo University, Roche Diagnostics inaugurate automated lab at Qasr El-Ainy    Egypt expands medical, humanitarian support for Gaza patients    Egypt investigates disappearance of ancient bracelet from Egyptian Museum in Tahrir    Egypt launches international architecture academy with UNESCO, European partners    Egypt's Cabinet approves Benha-Wuhan graduate school to boost research, innovation    Egypt hosts G20 meeting for 1st time outside member states    Egypt to tighten waste rules, cut rice straw fees to curb pollution    Egypt seeks Indian expertise to boost pharmaceutical industry    Egypt harvests 315,000 cubic metres of rainwater in Sinai as part of flash flood protection measures    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egyptian, Ugandan Presidents open business forum to boost trade    Egypt's Sisi, Uganda's Museveni discuss boosting ties    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Greco-Roman rock-cut tombs unearthed in Egypt's Aswan    Egypt reveals heritage e-training portal    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    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    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    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 stocks stem losses, signal possible rebound
Stocks in Cairo dropped 0.53 percent on Monday after experiencing heavy losses a day before on oil prices hitting a four-year low
Ahram Online Published in Ahram Online on 13 - 10 - 2014

Egypt's main index finished down on Monday but by a smaller amount than the day before, signaling a possible bounce, an analyst has said
The benchmark EGX30 index dropped 0.53 percent to record 9,115 points, while daily stock turnover registered LE583.3 million.
Market losses were slight on Monday, signaling a possible recovery as some Arab markets already have already begun bouncing back, Hassan Kinawy, head of the local institutions desk at HC brokerage, told Ahram Online.
On Sunday, Middle East markets plunged after global oil prices fell to a four-year low.
The Saudi Arabian index saw a 2.29 percent rise and the Dubai Financial Markets index increased 1.93 percent on Monday.
Foreigners continued to be net sellers for the second consecutive day to the tune of LE28.3 million.
Blue chip stock Commercial International Bank (CIB) has already rebounded, gaining 0.38 percent to LE46.95 per share.
Telecom Egypt (TE) and Global Telecom Holding (GTH) also managed to make gains, rising 1.63 percent to LE13.31 per share and 1.27 percent to LE4.85 per share respectively.
Egypt's leading investment bank, EFG-Hermes, fell 0.91 percent to LE16.33 per share.
The real estate sector saw Talaat Moustafa Group holding (TMG) drop 0.67 percent to LE10.44 per share and Palm Hills for Development (PHD) fall 1.71 percent to LE4 per share.
http://english.ahram.org.eg/News/112994.aspx

Clic here to read the story from its source.