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Cairo stock market loses 3 bn EGP
Published in Youm7 on 11 - 09 - 2011

All three Egyptian stock indices loss 1.2 percent on the day Sunday, reflecting investors' anxiety after demonstrators stormed the Israeli embassy early Saturday morning.
Egypt's main stock index, the EGX 30, fell 1.1 percent to close at 4,699 points, while the EGX 70 fell 0.59 percent, and the ex EGX 100 fell 0.81 percent.
The Egyptian stock market lost 3.08 billion EGP (U.S. $516.8 million) during Sunday's session.
Foreign investors made up 2.53 percent of total transactions, recording a net sale of 14.9 million EGP (U.S. $2.5 million), while Egyptian investors comprised 95.66 percent of transactions, purchasing a net of 10.7 million EGP (U.S. $1.8 million). Arab investors represented 1.81 percent of trades, selling a net of 4.2 million EGP (U.S. $705,000)
Financial Analyst Islam Abdel Atty said additional investments did not enter the Egyptian market as a result of the recent political and security tensions.
Most shares fell today: Hermes fell by 1.05 percent, Orascom Construction by 1.6 percent, International Commercial Bank by 1.2 percent, Palm Hills by 1.6 percent, Ezz Steel by 1.6 percent and Talaat Mustafa by 1.4 percent.


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