First phase of property tax relief to roll out in Q1 of FY26: Finance Minister    Egypt releases Greek-tagged loggerhead turtle in Mediterranean conservation effort    Union of Arab Banks names Hassan Abdalla 'Governor of Year 2025'    Egypt-Türkiye trade exchange approaches $9bn in 2024: FM Abdelatty    United Bank rises to 7th among Egypt's mortgage lenders with EGP 3.2bn portfolio    Egypt's commodity reserves "very reassuring", some stocks sufficient for 9 months — trade chief    Egypt's FM, UK security adviser discuss de-escalation    EIB supports French defence SMEs with €300m loan    US Fed holds rates steady    Waste management reform expands with private sector involvement: Environment Minister    Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt's PM urges halt to Israeli military operations    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    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    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    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    Egypt's FM inspects 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's stocks lose 1 pct on appointment of new PM
Appointment of Hisham Kandil as Egypt's new prime minister fails to please the market with stocks falling 1 pct on Tuesday
Ahram Online Published in Ahram Online on 24 - 07 - 2012

Egyptian stocks lost 1 per cent in value to close at 4.819 points on Tuesday. The appointment of the long-awaited prime minister did not have a positive effect on the market, which began falling in early trading and continued on that trend all day.
Out of 170 traded stocks, 47 gained in value, 97 lost and 26 remained unchanged.
Turnover was high compared to the average at LE529 million.
The broader index EGX70 lost 0.38 per cent.
A detailed market report will follow shortly.

Clic here to read the story from its source.