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Stocks fall on local, Arab selloffs
The Egyptian Gazette Published in The Egyptian Gazette on 25 - 03 - 2018


By: Ahmed Kamel
Cairo, March 25, 2018 –Impacted by local and Arab selloffs, Egypt's stocks fell on Sunday. The benchmarkindex EGX30slipped 0.47 per cent to16,984.69points.
The broader EGX70 and EGX100 indices slipped 0.51 and1per cent to 873.77and 2,229.16points respectively.
Volume totaled LE1.46 billion (around $82.9million), market data showed.The market capitalization shed LE1.13 billion to LE962.5 billion.
The country's blue chip Commercial International Bank (CIB) fell by 0.58 per cent to LE86.84 per share.
Local and Arab investors were net sellers ofLE15.8 million and LE364.18 million respectively. Non-Arab investors were net buyers of LE379.9 million, bourse data showed.
The EGX50 and the EGX20 Capped indicesfell by 0.39 and 0.5 per cent to 2,866.42 and 17,043.37points. Of a total 180tradedstocks yesterday40 shares rose, 105 fell, 35 remained unchanged, market data showed.
Arabian Food Industries (Domty) posted net profit worth LE61.52 million in 2017, compared to LE25.5 million a year earlier.
Egypt Kuwait Holding Company said in a bourse filing it would pay dividend worth $0.05 per share. The company posted 92.7 per cent increase in net profit to $138.18 million in 2017.

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