Waste management reform expands with private sector involvement: Environment Minister    Mideast infrastructure hit by advanced, 2-year cyber-espionage attack: Fortinet    SCZONE signs $18m agreement with Turkish Ulusoy to establish yarn factory in West Qantara    Egypt PM warns of higher oil prices from regional war after 1st Crisis Committee meeting    US firm VXI to create 4,000 jobs in Egypt in $135m expansion    Egypt's Foreign Minister discusses Mideast de-escalation with China FM, EU Parliament President    Egypt's gold prices fall for 3rd day on Wednesday    Egypt's FM holds talks with Arab counterparts over Iran-Israel escalation    Egypt's PM urges halt to Israeli military operations    Egypt sets 3-month goal to join world's top 50 in business readiness: minister    UN Palestine peace conference suspended amid regional escalation    Egypt advances integrated waste management city in 10th of Ramadan with World Bank support    Egypt, Japan's JICA plan school expansion – Cabinet    Egypt's EDA, AstraZeneca discuss local manufacturing    Egypt issues nearly 20 million digital treatment approvals as health insurance digitalisation accelerates    EGP opens flat against USD on Monday    Sisi launches new support initiative for families of war, terrorism victims    Egypt nuclear authority: No radiation rise amid regional unrest    Grand Egyptian Museum opening delayed to Q4    Egypt delays Grand Museum opening to Q4 amid regional tensions    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Egypt, Serbia explore cultural cooperation in heritage, tourism    Egypt discovers three New Kingdom tombs in Luxor's Dra' Abu El-Naga    Egypt launches "Memory of the City" app to document urban history    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    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.



EGX30 Nears 7770 at Close as Shares Bounce Back
Yomna Yasser Published in Amwal Al Ghad on 09 - 04 - 2014

Egypt's stock market rebounded to end higher on Wednesday with gains totalling 2.4 billion Egyptian pounds. In return, the main stock index – EGX30 surged to close near 7770 points amid foreign buying appetite.
Meanwhile, the Egyptian Exchange (EGX) indices were wavering again in green notes on Wednesday afternoon.
Indices
Egypt's benchmark index EGX30 closed 0.83 per cent higher to 7768.11 pts; while EGX20 finished 1.07 per cent up to 9234.73 pts.
On the contrary, the mid- and small-cap index, the EGX70 climbed by 1.31 per cent to end at 588.63 pts. The price index EGX100 inched up by 1.24 per cent to conclude at 1031.63 pts.
Furthermore, the market capitalization recorded EGP 463.311 billion on Wednesday.
Turnovers below one Billion Pounds
Through the closing session of Wednesday, the trading volume has reached 221.309 million securities, with turnovers worth EGP 635.646 million, exchanged through 29.242 thousand transactions.
Also during the closing session, 176 listed securities have been traded in; 23 declined, 129 advanced; while 24 keeping their previous levels.
Investors' Activities
The non-Arab foreign and Arab investors were net buyers capturing 10.69% and 4.5% respectively of the total markets, with a net equity of EGP 5.919 million and EGP 236.886 thousand respectively, excluding the deals.
On the other hand, Egyptian investors were net sellers seizing 84.8% of the total market, with a net equity of EGP 6.156 million, excluding the deals.
Companies' Activities
At the EGX30, Cairo-based investment bank EFG-Hermes Holding (HRHO.CA) saw its share price increase on Wednesday by 2.25 percent to EGP 12.26.
Market bellwether Commercial International Bank S.A.E. (COMI.CA) hiked by 0.85 percent to EGP 36.90.
In the real estate sector, Palm Hills Development Company (PHDC.CA) pushed up by 2.86 percent to trade at EGP 3.60, Talaat Moustafa Group Holding (TMGH.CA) jumped by 3.17 percent to trade at EGP 7.82, in addition the Sixth of October Development and Investment Co S.A.E – SODIC (OCDI.CA) grew by 1.31 percent to close at EGP 24.81.

Clic here to read the story from its source.