By Ahmed Kamel CAIRO, March 13, 2018 - The local equities slipped yesterday as a profit-taking sentiment dragged most shares down.The benchmark index EGX30 fell by 0.63 per cent to16,881.72points after hovering above 17,000 points in early trade. The broader indices EGX70 and EGX100 slipped 1.2and 0.6 per cent to 899.52 and 2,267.75 points. Volume totaled LE2.3 billion (around $130.6million), market data showed. The market capitalisation shed LE4.3 billion to LE972.8 billion. Locals and Arabswere net sellers of LE225.46 million and LE40.8million respectively. Arab investors were net buyers of LE266.28million, market data showed. The EGX50 and EGX20 Capped indices shed 1.36 and 0.29 per cent to 2,836.25 and 16,713.25 points respectively. Of a total 187tradedstocks yesterday41 shares rose, 119 fell, 27 remained unchanged, market data showed. Egyptian International Pharmaceuticals Industries Co. (EIPICO) has applied for raising its issued capital from LE793.3 million to LE991.7 million. The pharmaceutical manufacturer posted net profit worth LE688.8 million in 2017, up from LE487.7 million a year earlier, the company said in a bourse filing. Pioneers Holding Company for Financial Investments posted a 5.2 per cent increase in net profit to LE1.14 billion in 2017, compared to LE1.08 billion the previous year. The company's earnings stood at LE8.23 billion in 2017, up from LE6.8 billion a year earlier.
