Egypt's main EGX30 index climbed 1.02 percent on Tuesday, the first day of the fourth quarter of the fiscal year, to reach 5677.61 points. The EGX30 has been fluctuating for the past two weeks as investors sought to cash in after recent gains and ahead of holidays, but since the beginning of September the index had climbed six percentage points. "If the market manages to break the current levels of the index, it will augment significantly," Ashraf Abdel-Aziz, head of institutional sales at Cairo-based Arabia Online Securities, told Ahram Online. Bellwether Commercial International Bank, the exchange's largest listing, rose by 1.64 percent. The telecommunications sector bounced back following the decline of all of its shares on Monday, as Global Telecom Holding and Orascom Telecom Media and Technology Holding both increased by 1.59 percent and 1.69 percent, respectively. In the real estate sector, Palm Hills Development Company gained 1.28 percent, Six of October Development and Investment 1.08 percent, and TMG Holding 0.2 percent. Egyptian and Arab investors were net sellers of LE11.9 million while non-Arab foreign investors were net buyers. Turnover of listed stock amounted to LE380 million. The broader EGX70 index rose 1.75 percent in Tuesday's session. http://english.ahram.org.eg/News/82945.aspx
