During Monday closing session, the Egyptian Exchange (EGX) has tripled its early gains to eventually reach EGP 3.5 billion as the capital market has amounted to EGP 387.643 billion. The main index, EGX30 surged by 0.65% to end at 5605.84 p. EGX20 went up by 0.68% to close at 6535.71 p. Meanwhile, the mid- and small-cap index, the EGX70 climbed by 2.55% to conclude at 533.8 pts. Price index EGX100 hiked by 1.72% to finish at 890.04 p. Traded volume reached 210.076 million securities worth EGP 755.561 million, exchanged 38.705 thousand transactions. This was after trading in 182 listed securities; 66 declined 101 advanced while 15 keeping their previous levels. Egyptians were net buyers seizing 76.73% of the total markets, with a net equity of EGP 29.482 million excluding the deals. On the other hand, Arabs and non-Arab Foreigners were net sellers seizing 7.11% and 16.16% respectively, of the total markets, with a net equity of EGP 18.105 million and EGP 11.376 million excluding the deals. Leading Shares: EGX's leading shares witnessed unsteady performance. Mobinil: Shares of Egyptian Company for Mobile Services - Mobinil – (EMOB.CA) led EGX upwards as they jumped by 9.43% to close at EGP 163.67. This was after Yves Gauthier, Mobinil CEO had told Al Mal newspaper that major shareholder in the telco; France Telecom (FT) discussed delisting Mobinil from the Egyptian Exchange (EGX). Accordingly, the mobile operator has almost a year to adjust status, as per the terms set by the Egyptian Ministry of Communications and Information Technology (MCIT) for France Telecom to buy the stake of Orascom Telecom Media and Technology (OTMT.CA) in Mobinil. Gauthier noted that Mobinil will start negotiations with Egyptian Financial Supervisory Authority (EFSA) to extend the status adjustment period. SODIC: Six of October Development & Investment – SODIC (OCDI.CA) climbed by 4.64% to end at EGP 25.48. The Company announced on Monday that it has completed selling one million treasury stocks (local shares), representing 1.10% of its issued capital. Talaat Moustafa Group: Shares of Talaat Moustafa Group (TMGH.CA) soared by 2.39% to finish at EGP 4.71. Commercial International Bank: Commercial International Bank- Egypt (CIB) (COMI.CA) surged by 2.08% to close at EGP 32.46. Citadel Capital: Citadel Capital (CCAP.CA) went up by 1.70% to conclude at EGP 3.59. EFG-Hermes: EFG-Hermes Holding (HRHO.CA) inched higher by 0.46% to end at EGP 12.97. Cairo Criminal Court, headed by Judge Mohamed Reda Shawkat, adjourned Saturday the consideration of the market manipulation case of which the sons of the ousted president Hosni Mubarak, Alaa and Gamal as well as EFG-Hermes CEOs Hassan Heikal and Yasser El Mallawany face charges alongside 5 other businessmen. The court was adjourned until Saturday 7/10/2012. Orascom Construction Industries: Orascom Construction Industries (OCIC.CA) rose by 0.32% to close at EGP 293.43. Egyptian investment authority GAFI has approved the method Orascom Construction plans to use to value its business lines before splitting them into two companies, Orascom said on Monday. It said it would now file documents to the Egyptian Financial Services Authority to issue shares in its fertilizer arm, the business being separated from its construction activities. "The remaining regulatory requirements to complete the demerger are procedural in nature and are expected to be complete during the fourth quarter," it said. Orascom Telecom Media & Technology Holding: Orascom Telecom Media & Technology Holding (OTMT.CA) tumbled by 1.75% to end at EGP 0.56. Orascom Telecom Holding: Orascom Telecom Holding (OTH) (ORTE.CA) inched lower by 0.82% to end at EGP 3.64.
