CAIRO, April 5, 2018 - Impacted by local selloffs, Egypt's shares fell on Thursday ahead of a two-day public holiday. The benchmark index EGX30 shed 0.57 per cent to 17,410.59 points. The broader indices EGX70 and EGX100 slipped 0.31 and 0.58 per cent to 865.53 and 2,238.57points. The Egyptian Exchange and local banks will be closed on Sunday and Monday marking the Coptic Orthodox Easter and the national holiday of Sham El Nassim (Spring Day). Volume totaled LE2.2 billion (around $125million), market data showed. Locals were net sellers of LE117.9 million, bourse data showed. Arab and non-Arab investors were net buyers of LE56.3 million and LE61.66 million. The EGX50 and EGX20 Capped indices fell by 0.56 and 1.11per cent to 2,977.69 and 17,852.63 points. Of a total 196 traded stocks on Thursday 57 shares rose, 96 fell, 33 remained unchanged, market data showed. A number of listed companies announced dividends to be paid this month. NBK Egypt said in a bourse filing it would pay dividend worth LE1.25 per share as of April 30. The bank's net profit jumped 77 per cent to LE1.5 billion in 2017. Misr Fertilisers Production Company (MOPCO) said it would pay dividend worth LE2 per share. The company's net profit fell by five per cent to LE 675 million in 2017, down from LE 709.9 million a year earlier.
