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Non-Arabs lead Egypt's stocks up
The Egyptian Gazette Published in The Egyptian Gazette on 27 - 03 - 2018


Ahmed Kamel
Cairo, March 27, 2018 – Non-Arab institutional buying lifted the local shares on Tuesday with the benchmark index EGX30edging up 0.97 per cent to17,270.43points.
However, the EGX70 index fell by 0.1 per cent to 869.77 points. The EGX100 indexadded 0.42per cent to 2,237.65 points.
Volume totaled LE2.6 billion (around $147.7million), market data showed.The market capitalization gained LE5.9 billion to LE969.8billion.
The country's blue chip Commercial International Bank (CIB) added0.56 per cent to LE88.26per share.
Locals were net sellers ofLE9.8 million, bourse data showed. Non-Arab investors were net buyers of LE9.3 million.
The EGX50 and the EGX20 Capped indicesrose by1.68 and 1.34 per cent to 2,928.74 and 17,418 points. Of a total 186tradedstocks yesterday83 shares rose, 72 fell, 31 remained unchanged, market data showed.
Talaat Moustafa Group said in a bourse filing it would pay dividend worth LE0.17 per share. The property developer posted net profit worth LE1.3 billion in 2017, compared to LE829 million a year earlier.
Prime Holding said it would pay dividend of LE0.25 per share as of April 18. The company registered net profit worth LE30.8 million in 2017, up from LE25.86 million the previous year.

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