Ramy Sabry performs at opening of "The Village" in Egypt's Celia development in New Administrative Capital    Cairo and Beirut seek deeper economic integration through private sector and infrastructure projects    Egypt demands 'immediate' Israeli withdrawal from all Lebanese territory    Egypt's West Gerga industrial zone hosts Middle East's first cooling compressor plant    Egyptian-built dam in Tanzania is model for Nile cooperation, says Foreign Minister    Foreign troop withdrawal from Libya, Sudan ceasefire urged by Egypt and Algeria    Egypt says Qatari Al Mana fuel project in Sokhna does not involve land sale    Lebanese Army Commander Rudolf Heikal holds critical security talks in Paris    Egypt partners with global firms to localise medical imaging technology    The Long Goodbye: Your Definitive Guide to the Festive Season in Egypt (Dec 19 – Jan 7)    Egypt flags red lines, urges Sudan unity, civilian protection    EGX closes in red zone on 18 Dec.    Al-Sisi affirms support for Sudan's sovereignty and calls for accountability over conflict crimes    Oil prices rise on Thursday    Egypt's Al-Sisi offers to host talks to support DRC peace process in call with Tshisekedi    Egypt explores opportunities to expand sustainable environmental investment in natural reserves    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt stocks slightly up, enhanced by the telecoms sector
Wednesday's trading session saw Egypt's main index rise on foreigner acquisitions, though the broader EGX70 dropped
Ahram Online Published in Ahram Online on 23 - 04 - 2014

Egypt's main market index, the EGX30, rose slightly Wednesday trading, pushed by gains in the telecoms sector.
The EGX30 rose by 0.31 percent to reach 8294.88 points.
The telecoms sector pushed the market up for the second consecutive day after Global Telecom Holding resolved a long-standing dispute with the government of Algeria by selling to that government 51 percent of its subsidiary, Orascom Telecom Algeria, also known as Djezzy.
The sector led the market in terms of turnover with Global Telecom gaining 5.23 percent to close at LE5.23 while Orascom Telecom Media and Technology Holding rose 0.76 percent to LE1.32.
Public owned Telecom Egypt lost 6.4 percent, however, to close at LE14.77 per share.
The real estate sector also ended the day in the green, with Talaat Mustafa Group Holding up 1.8 percent to LE9.07 per share and Palm Hills Development Company up 0.98 percent to LE4.14 per share.
Market Bellwether CIB lost 0.24 percent to LE37.01.
Egyptian and Arab investors ended the day as net sellers while non-Arab foreigners where net buyers with a flow of LE23.5 million ($3.3 million)
Total turnover was LE980.5 million ($140 million)
Out of 191 stocks traded during the day, 41 gained in value while 124 declined.
The broader EGX70 index lost 0.72 percent.
http://english.ahram.org.eg/News/99681.aspx

Clic here to read the story from its source.