Egypt prepares to tackle seasonal air pollution in Nile Delta    Egypt's Sports Minister unveils national youth and sports strategy for 2025-2032    27 Western countries issue joint call for unimpeded aid access to Gaza    Egypt, Jordan to activate MOUs in health, industrial zones, SMEs    Egyptian, Ugandan Presidents open business forum to boost trade    Al-Sisi says any party thinking Egypt will neglect water rights is 'completely mistaken'    Egypt, Uganda sign cooperation deals on water, agriculture, investment    Egypt–Jordan trade hits $1 billion in 2024: ministry report    Egypt's Sisi warns against unilateral Nile measures, reaffirms Egypt's water security stance    Egyptian pound closes high vs. USD on Tuesday – CBE    Edita Food Industries Sees 72% Profit Jump in Q2 2025, Revenue Hits EGP 5 Billion    Egypt, Colombia discuss medical support for Palestinians injured in Gaza    Australia to recognise Palestinian state in September, New Zealand to decide    Trump orders homeless out of DC, deploys federal agents and prepares National Guard    Egypt, Germany FMs discuss Gaza escalation, humanitarian crisis    Egypt, Huawei explore healthcare digital transformation cooperation    Global matcha market to surpass $7bn by 2030: Nutrition expert    Egypt's Sisi, Sudan's Idris discuss strategic ties, stability    Egypt's govt. issues licensing controls for used cooking oil activities    Egypt to inaugurate Grand Egyptian Museum on 1 November    Oil rises on Wednesday    Egypt, Uganda strengthen water cooperation, address Nile governance    Egypt's Sisi: Egypt is gateway for aid to Gaza, not displacement    Egypt, Malawi explore pharmaceutical cooperation, export opportunities    Korean Cultural Centre in Cairo launches folk painting workshop    Egyptian Journalist Mohamed Abdel Galil Joins Golden Globe Voting Committee    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.



Market report: EGX 30 ends a week on a 0.55 per cent fall
EGX30, Egypt's main stock market index, fell 0.55 per cent to 6,905 points, on cancellation of Omar Effendi deal.
Khaled Barakat Published in Ahram Online on 17 - 12 - 2010

EGX30, Egypt's main stock market index, dropped 0.55 per cent to 6,905 points. The total turnover was LE 979 million at the last day of the trading week.
“The effect of the failure of a deal to buy the equities of Omar Effendi in mid-trading led to intensive selling operations”, Malik Sultan director of investment for Dar AlMal Holding says.
The Arab Investment Development company (AID), which would buy an 85 per cent stake in the stores announced its decision to canceled the deal today.
European markets dragged down further the EGX30.
“The UK blue chip index ended down on Wednesday also European stocks reversed early losses and turned flat around midday on as shares in Southern Europe dipped following Spain's bond auction”. says Mohamed Alsebaie senior broker for HSBC capital mentioned as another reason for decreasing today.
Nationals dominated 67.9% of total trading, while foreign and Arab investors accounted for 28.7 % and 3.23% consecutively.
Nationals headed towards buying, they sold shares at a total value of LE 659.6 million and purchased shares at a gross value of LE 672 million.
The shares of Egyptian Chemical Industries (Kima) were the top gainers, soaring by 12.3 per cent to LE 281.1. It was followed by Kafr El Zayat Pesticides whose shares surged by 7 per cent to LE110.3.
Union National Bank-Egypt”UNM-E” was the biggest drag on the overall index, plunging by -4.2 per cent to LE9.9. It was followed by Misr Hotels which dropped -4 per cent to LE76.5.
All the sectors ended on a negative note except for Travel and Leisure.
Construction and materials was dominating 20.8 per cent of trade. It was followed by the telecoms sector with 16 per cent.
Institutions rose their share in trading against individuals to 58.9 per cent.
By contrast, the EGX70 rose by 0.09 per cent, reaching 739 points with a trading value of LE229.5 million. The EGX70 accounts for 12 per cent of the total market capitalization, with a value of LE54.3 million

Clic here to read the story from its source.