Egypt stocks saw mild gains on Sunday with Orascom Telecom, Media and Technology (OTMT) remaining the only active share to attract investors' attention. OTMT's dividend last week was behind Sunday's jump in the share, which rose by 9.3 per cent to close the day out at LE0.47, representing the highest turnover among listed stocks (LE53.6 million). The main EGX30 index rose by 0.01 per cent for the day, reaching 4,868.05 points after declining in the first half of Sunday's session. The broader EGX70 index also saw minor gains of 0.1 per cent. Sunday's session was the first in Ramadan, and therefore only featured three hours of trading. The bourse will also be closed on Monday to commemorate Egypt's 23 July Revolution. Egyptian investors were net buyers on Sunday at LE107.1 million; foreign investors, meanwhile, were net sellers at LE89.4 million. High-cap shares declined for the day, led by Commercial International Bank and Orascom Construction Industries, which fell by 0.5 and 0.07 per cent respectively. Orascom Telecom followed its split partner OTMT, meanwhile, rising by 0.3 per cent. Luxury property giant Palm Hills stood unchanged for the day, while Talaat Mostafa Group fell by 0.2 per cent. Egyptian private equity firm Citadel Capital, meanwhile, also remained unchanged for the day, closing at LE3 per share. The company said on Sunday that its first-quarter net losses had widened by 43 per cent from the previous year to $26.4 million. Of 150 shares traded on Sunday, 80 gained value and 46 declined in a session that saw LE267.7 million in total daily turnover. http://english.ahram.org.eg/News/48426.aspx
