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Egypt's stock market closes down 1.2 per cent
Ahram Online Published in Ahram Online on 04 - 04 - 2011

Egypt's stock market dipped 1.17 per cent with the benchmark EGX30 reaching 5,494 points at the close of Monday trade.
Banks were the only sector to show gains, with stocks in the previously stalwart telecoms, construction and materials and food and beverages industries all suffering modest losses. Of 188 listed stocks, 129 showed declines and 52 gained value.
Total market turnover was LE590,797,232.
After several days of buying, foreign investors scaled back their market involvement to 26 per cent and were net-sellers. Egyptians took the lead and were net-buyers, responsible for 70 per cent of trade.

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