During Monday midday session, the Egyptian Exchange (EGX) has it posted losses of EGP 114 million as the capital market has amounted to EGP 404.577 billion, according to data compiled by Amwal Al Ghad at 12:51 p.m. Cairo time (10.51 GMT). EGX indices went in red. The main index, EGX30 inched lower by 0.23% to hit 5801.92 p. EGX20 declined by 0.22% to reach 6842.66 p. Meanwhile, the mid- and small-cap index, the EGX70 went down by 0.29% to hit 557.48 pts. Price index EGX100 tumbled by 0.27% to reach 916.06 p. Traded volume reached 94.849 million securities worth EGP 391.784 million, exchanged through 20.435 thousand transactions. This was after trading in 173 listed securities; 97 declined 57 advanced while 19 keeping their previous levels. EGX's midday losses were backed by the Egyptian and foreign pressures. Egyptians and non-Arab Foreigners were net sellers seizing 88.18% and 9.27% respectively, of the total markets, with a net equity of EGP 7.309 million and EGP 2.804 million excluding the deals. On the other hand, Arabs were net buyers seizing 2.55% of the total markets, with a net equity of EGP 10.113 million excluding the deals. Leading Shares: EGX's leading shares witnessed unsteady performance. EFG-Hermes: EFG-Hermes Holding (HRHO.CA) soared by 2.76% to hit EGP 12.30. In a press release, EFG Hermes announced that the Group is launching its brokerage ATMs Monday across its branches in Egypt. The machines — the first securities brokerage ATMs on the Egyptian market — will allow customers to make multiple transactions without being restricted to branch operating hours and without the need for a human cashier, clerk or teller. This first service of its kind in Egypt is an integral component of our overall vision to expand our retail brokerage arm and introduce a superior customer service model that gives our clients the best possible transaction experience. Customers will be issued a unique EFG Hermes Securities Brokerage ATM card, which will allow them to access any of the ATM machines located in eight strategic branches in Cairo, Alexandria and Mansoura. Cairo branches include Dokki, Mohandeseen, Maadi, Nasr City, Smart Village and Haram. Key features of the service include the ability to deposit and withdraw funds from trading accounts. All deposits, whether cash or proceeds from trading are credited to the clients' account on-the-spot allowing them further flexibility to execute timely trades with minimum hassle, clients can also check their account balance, either on-screen or in the form of a mini-statement. “As the leading broker in the region, we aim to be at the forefront of innovation in our industry," said Mohamed Ebeid, Co-Head of EFG Hermes Securities Brokerage. “This new fleet of ATMs offers EFG Hermes clients a unique customer experience, giving us a clear competitive advantage over other local brokers." This impressive new service is just the latest in a long list of innovative developments from our Securities Brokerage team who have brought to market an unparalleled range of products and services for both individual and institutional clients such as online trading, mobile trading, margin trading and multi-market access backed up by the region's leading research house. This complementary bouquet services provides clients with fast, secure, multi-platform trading tools that allow them to buy and sell a wide range of securities As a result of these endeavors, the team has also garnered numerous awards this year, most recently crowned as Best Brokerage House in Egypt at the Global Banking and Finance Awards 2012. This was only a few months after the team also won Best Broker in Kuwait at EMEA Finance's Middle East Banking Awards. “As always, we are not contenting ourselves with what we have already accomplished," added Ahmed Waly, Co-Head of EFG Hermes Securities Brokerage. “Already the team is working on developing new features for the ATMs and expanding the ATM network to cover more areas in Egypt." Commercial International Bank: Commercial International Bank- Egypt (CIB) (COMI.CA) climbed by 2.06% to reach EGP 34.70. Talaat Moustafa Group: Talaat Moustafa Group (TMGH.CA) surged by 1.28% to hit EGP 5.53. Orascom Construction Industries: Orascom Construction Industries (OCIC.CA) rose by 0.05% to reach EGP 288.89. Orascom Telecom Holding: Orascom Telecom Holding (OTH) (ORTE.CA) inched lower by 0.79% to reach EGP 3.78. Citadel Capital: Citadel Capital (CCAP.CA) fell by 0.23% to reach EGP 4.42. Orascom Telecom Media & Technology Holding: Orascom Telecom Media & Technology Holding (OTMT.CA) kept Sunday's levels at EGP 0.56.
