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Egypt main index hits record highs on Tuesday as foreign investors buy
EGX30 rises 0.44 percent to hit 8,197 points, as non-Arab foreigners net-buyers for LE63 million
Ahram Online Published in Ahram Online on 18 - 03 - 2014

Egypt's main index hit a record high on Tuesday, gaining 0.44 percent to reach 8,197 points at a session which saw a strong daily turnover of LE1.1 billion.
Non-Arab Foreign investors were Tuesday's only net-buyers, to the tune of LE63.3 million, while Egyptian and Arab investors net-sold LE31.7 million and LE31.6 million, respectively.
The majority of shares in the main EGX30 index were in the green, with Orascom Telecom Media and Technology Holding (OTMT) gaining 2 percent to close at LE1.47 per share, with a leading turnover of LE115.2 million.
In the real estate sector, stock prices reached new highs, with Six of October Development and Investment Company (SODIC) rising 3.6 percent to LE26.22 a share, and Palm Hills Development Company climbing 3.9 percent to LE4 per share. TMG Holding rose 0.6 percent to LE8.37 a share.
In the Telecommunications sector, Global Telecom Holding saw its share price rise 0.4 percent to LE4.64, and state-owned fixed.
The broader EGX70 index also rose on Tuesday, by 0.53 percent.
Line operator, Telecom Egypt's share price gaining 0.95 percent to reach LE15.94 per share.
Cairo-based investment bank EFG-Hermes saw its share price rise 0.31 percent to LE13.12 a share, while market bellwether fell 1.15 percent to LE37.06 a share, after having gained 1.08 percent to sit at LE37.70 the previous session.
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