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Egypt's shares close in the red
Published in Youm7 on 16 - 06 - 2011

CAIRO: Egypt's stock exchange shares went down during Thursday trading due to profit-taking of the most leading shares by Arab and foreign investors.
Egyptian's purchasing shares also decreased.
Egypt's main index, EGX 30, dropped by 0.34 percent to close at 5541 points, while small enterprises' EGX 70 index decreased by 0.09 percent. The EGX 100 index went down by 0.20 percent. The volume of trade on Thursday reached 671.7 million EGP.
Many leading shares witnessed drops, including EFG-Hermes, which decreased by 1.09 percent. Juhayna Food Industries shares decreased by 1.4 percent, while Citadel group witnessed a 1.3 percent drop in shares. Orascom Construction Industries (OCIC) shares decreased by 1.1 percent, Orascom Telecom shares fell by 0.48 percent, Commercial International Bank (COMI) shares dropped by 0.48 percent, and Maridive & Oil Services Co (MOIL) shares fell by 1.6 percent.
Gross trading of Egyptian investors reached 74.21 percent of total trading. They also achieved 80.1 million EGP in net profit. Arab investments reached 5.6 percent of total gross trading with a net profit recorded at 4.8 Million EGP.
Entities trading reached 33.85 percent and net profit was recorded at 54.7 million EGP, compared to the 54.7 million EGP profit of individual's trading.


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