Egypt's main index the EGX30 gained 0.53 percent on Monday to reach 5,542 points, while the broader EGX70 index recorded a 0.44 percent rise. The EGX30 had reached a month-long high on Sunday when it gained 0.45 percent to sit at 5,513 points. Turnover of listed stocks registered a moderate LE412 million at the close of Monday's session. Seventy-four stocks were in the green and 65 in the red on Monday, out of a total of 171 listed stocks. Arab investors acted as net-buyers of LE3.9 million worth of stocks, while other foreign investors and Egyptian investors, who account for 84 percent of trading, were net-sellers on Monday. In the real estate sector, Palm Hills Development Company and TMG Holding gained 0.43 percent and 0.81 percent respectively, while Six of October Development and Investment dropped 0.92 percent. Orascom Telecom Holding, which will be renamed Global Telecom Holding effective from Wednesday, fell 0.68 percent. Commercial International Bank, a market bellwether, rose 1.08 percent. Egyptian investment bank Egyptian Financial Group-Hermes, which announced a stock dividend of 0.2 shares per underlying share on Monday, rose 1.16 percent, recording the highest turnover value at LE26 million. http://english.ahram.org.eg/News/81739.aspx
