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Egypt Shares Pare Early Gains to EGP430 million at Close
Published in Amwal Al Ghad on 10 - 02 - 2014

Egypt's bourse ended sessions on Monday higher with gains worth 430 million Egyptian pounds amid foreign buying appetite. In return, the country's main bourse index ended around 0.4% up, trimming early gains as local investors shifted to sell-off deals.
The Egyptian Exchange (EGX) indices were wavering in mixed notes Monday afternoon.
Indices
Egypt's benchmark index EGX30 ended 0.36 per cent higher to 7487.91 pts; while EGX20 finished 0.06 per cent up to 8903.3 pts.
Meanwhile, the mid- and small-cap index, the EGX70 declined by 0.45% to close at 610.64 pts. The price index EGX100 inched down by 0.21 per cent to conclude at 1046.75 pts.
Furthermore, the market capitalization recorded EGP 460.673 billion on Monday.
Turnovers
Through the closing session of Monday, the trading volume has reached 247.679 million securities, with turnovers worth EGP 779.151 million, exchanged through 38.446 thousand transactions.
Also during the closing session, 186 listed securities have been traded in; 101 declined, 74 advanced; while 11 keeping their previous levels.
Investors' Activities
Arabs and the non-Arab foreigners were net buyers seizing 5.22% and 4.63% respectively of the total markets, with a net equity of EGP 5.707 million and 20.121 million respectively, excluding the deals.
On the contrary, Egyptians were net sellers capturing 90.14% of the total market, with a net equity of EGP 25.829 million, excluding the deals.
Companies' Activities
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price fall by 0.53 percent to EGP 11.28.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) pushed up 1.03 percent to EGP 33.35.
In the real estate sector, Palm Hills Development Company (PHDC.CA) decreased by 0.94 percent to trade at EGP 3.15, Talaat Moustafa Group Holding (TMGH.CA) rose by 0.14 percent to trade at EGP 7.20, and Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) tumbled 2.11 percent to close at EGP 23.64.


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