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Stock market ends week sessions with group increase
Published in Youm7 on 13 - 10 - 2011

Egypt's stock market managed to preserve the increasing state for the third transaction sessions after the Maspiro clashes and achieved 6.4 billion EGP (U.S. $1.07 billion) profit, resulting from Arab and Egyptian investor payments, which enhanced the market's performance.
Stock market main index EGX30 increased at the rate of 2.48 percent and closed with 4150 points. The new stock market index EGX20 increased at the rate of 2.55 percent.
Medium and small company index EGX70 increased at the rate of 2.57 percent, while the broadest index EGX100 rose at the rate of 2.36 percent. Transactions size reached 434.1 million EGP (U.S. $72.74 million), stock transactions reached 413.9 million EGP (U.S. $69.36 million), while the transfer of ownership reached 20 million EGP (U.S. $3.35 million).
In the same context, major stocks in the market resumed increasing such as , Ezz stock increased at the rate of 4.32 percent, Egypt telecom company stock at the rate of 2.55 percent and Orascom for Construction stock at the rate of 2.57 percent.
Chairman of the board of directors of Arabia online for financial papers and member of the Egyptian stock market board of directors, Hisham Tawfik, said one positive indication in the market is the constant purchasing process instead of the random selling process.
Egyptian investors acquired 53.46 percent of the market and achieved 6.557 million EGP (U.S. $1.1 million) net purchase, while foreigner investors acquired 46.54 percent of the market, achieving 103.497 million EGP (U.S. $17.34 million).
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