CAIRO – Egyptian indexes rebounded on Thursday on big caps gains, ending a two-day losing streak, traders said. EFG-Hermes, the country's biggest investment bank by market value, jumped by 4.61 per cent to LE17.49 per share, they added. The country's benchmark index EGX 30 rose by 0.61 per cent, ending the week's trading at 5,003.65 points. The broader indexes EGX 70 and EGX 100 jumped by 2.6 and 1.68 per cent to 596.63 and 926.26 points respectively. Volume totalled LE840.8 million, according to Bourse data. Orascom Telecom, the largest Arab mobile operator by subscribers, added 0.95 per cent LE4.24 per share. Orascom Construction Industries rose by 0.58 per cent to LE241.72 per share. Egypt's heavyweight Commercial International Bank (CIB) gained 0.22 per cent to LE27.42 per share. Talaat Moustafa, the country's biggest listed builder, gained 2.85 per cent to LE3.61 per share. Mobinil slid by 3.45 per cent to LE143.14 per share. The country's mobile phone operator Mobinil said political turmoil and economic uncertainty hurt its first-quarter results, sending net income tumbling 93.6 per cent year-on-year, according to Reuters. Investors had awaited Mobinil's results for the first major indication of how the political unrest that toppled Egypt's president and brought much of the economy to a halt would affect company earnings. "The first quarter of 2011 was unusual for Mobinil and for the whole country," Mobinil Chief Executive Hassan Kabbani said. "Egypt entered into exceptional turmoil that affected strongly the economic environment in general and the telecommunication business in particular." The firm said it had limited growth in its mobile subscriber base due to a slowdown in sales activity and a shutdown of some of its shops. Its total subscribers in the quarter increased 16.2 percent year-on-year to a total of 30.358 millio
