Egypt's main benchmark index fell 0.39 percent on Tuesday to reach 5,037 points, in a mundane session which saw a stubbornly low turnover of LE250 million. Orascom Telecom Media and Technology Holding led the pack of 67 gaining stocks, witnessing a rise of 8.89 percent. "Exchange authorities cut the LE0.72 dividend value recorded on Monday to save the share value from plunging as a result," Issa Fathy, vice president of the securities division at Cairo's Chamber of Commerce, told Ahram Online. Banking giant Commercial International Bank (CIB), on the other hand, saw its share value fall 3.75 percent as a result of the LE1.25 dividend recorded on Monday. Prominent gainers included the Egyptian Financial Group-Hermes Holding Company by 0.31 percent and National Societe Generale Bank by 1.89 percent. Orascom Telecom Holding (OT) rose 2.30 percent, after it had slid slightly on Monday despite news of an acquisition offer made on 100 percent of its shares by a subsidiary of Russian-owned Altimo. Real estate shares Six of October Development & Investment (SODIC), Palm Hills Development Company, and TMG Holding rose 1.17 percent, 0.52 percent, and 0.82 percent respectively. Foreign investors were net sellers to the value of LE20.2 million, while Egyptians and Arabs were net buyers. The broader EGX70 index slid by 0.23 percent.
