In a week, Egypt bourse has managed to gain EGP 3.1 billion shrugging off concerns over possible tensions during the trial of deposed president Mohamed Morsi scheduled for November 4. The capital market reached EGP 402.337 billion on Thursday, compared to EGP 399.204 billion a week earlier. Accordingly, the Egyptian Exchange's benchmark index EGX 30 index surged by 0.16% this week, representing an increase of 10.65 points, ending Thursday's transactions at 6181.86 points compared to 6171.21 points at the end of a week earlier. The main gauge index hit its highest point on Sunday closing at 6194.84 points, where its lowest point recorded on Monday at 6070.35 points. Meanwhile, the mid- and small-cap index, the EGX70 went up by 0.38% closing at 516 points during Thursday's session, compared to 514 points at the end of a week earlier. The price index, EGX100 also advanced by 0.23% concluding by 867 points during Thursday's session, against 865 points at the end of a week earlier. Turnovers & Volumes: Also in a week, the EGX has registered a decline of 27.7% in its turnovers to EGP 2.6 billion, compared to EGP 3.6 billion a week earlier. The volume of trades hit 792 million securities, compared to one billion securities a week earlier. Companies' Weekly Performance Highlights: Citadel Capital - (CCAP.CA) closed last week at EGP 3.55, while closed on Thursday at EGP 3.48 (lowest price), dipping by EGP 0.07 (2%). Stock highest close during the week came on Sunday at EGP 3.62. On Thursday, Citadel Capital's Rift Valley Railways (RVR), the operator of the Kenya-Uganda railway, has completed the first phase of the rehabilitation of 500 kilometers of track that links Kenya with Tororo in Eastern Uganda and Gulu in the north, ending two decades of disuse and inefficiency. The re-launched Tororo-Gulu-Pakwach line is providing businesses targeting East African markets with a faster and more-cost effective way of moving cargo by rail — as well as opening up north and northwest Uganda to rail services. The official re-launch of the Tororo-Gulu line took place at an event in Gulu attended by Ugandan President Yoweri Kaguta Museveni, Citadel Capital Chairman and Founder Ahmed Heikal, as well TransCentury Director Ngugi Kiuna and BOMI Holdings Chairman Charles Mbire. Local government officials and key executives from Citadel Capital and RVR were also in attendance.
Telecom Egypt- (ETEL.CA) closed last week at EGP 13.95, while closed on Thursday at EGP 13.55 (lowest close), dipping by EGP 0.4 (3 %). Stock highest close during the week came on Sunday at EGP 13.94. On Tuesday, Atef Helmi, Telecommunication Minister, stated that the Ministry would finalize the procedures to issue the integrated telecom license by end of 2013 in order to be submitted to the government. He stated, in the Reuters Middle East Investment Summit in Cairo, that in case Telecom Egypt obtained the license, selling Vodafone would be an important alternative to exit Vodafone. He added that, after integrated license launch, Telecom Egypt won't be capable of owning stake in Vodafone Egypt "as it conflicts with international rules in this field". On Wednesday, Telecom Egypt stated that it will announce its Consolidated and Standalone Financial Results for Q3 2013 ended 30th September 2013 (in accordance with Egyptian Accounting Standards) before the opening sessions of LSE and EGX on Wednesday, 13th November 2013. Regarding the investors' activity: Local investors led the market activity all through the week, followed by Foreign and Arab investors respectively. Foreign investors were the most active buyers this week earning the value of EGP 113,445,902. Arab investors chose also to buy by value of EGP 33,242,203. Local investors were most active sellers this week by the value of EGP 146,688,105. Retail and Institutions' activity: Retail activity led the market all through the week as it ranged between 63.90 – 82.17 %. While Institutions activity ranged during this week between 17.82 – 36.09 %.
