Egypt's stocks lost 1.19 per cent of their value on Tuesday after 4 days of holidays to close at 4,678.98 points. The market saw a small daily turnover of LE262.7 million on Tuesday, with nearly 54 per cent (LE142.6 million) via the telecom sector. "The indices failed to meet all expectations of analysts about Tuesday's session; they expected it to close in green due to the mandatory tender offer from France Telecom to purchase 100 per cent of the issued capital of Mobinil at LE202.5 per share," said Mustafa Badra, market expert. Egyptian stocks saw green in last week's two final sessions, bolstered by the prospect of an imminent conclusion to France Telecom's long-awaited takeover of local mobile operator Mobinil. Egyptians and Arabs were net-buyers, recording net inflows of LE 27.646 million and LE 7.115 million respectively. Foreigners were net sellers to the tune of LE34.761 million.
