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Collective decline in stocks with Egyptian sales
Published in Youm7 on 26 - 10 - 2011

CAIRO: The Egyptian stock market closed today with a collective decline, pushed by sales of Egyptian investors and institutions. Although foreign and Arab transactions leaned toward purchasing, they could not turn indicators towards the red region.
The main Egyptian stock market index EGX30 closed transactions with a 0.63 percent decline, reaching 4319 points. EGX20 declined by 0.49 percent, while medium and small company index EGX70 declined by 0.38 percent. EGX100 declined 0.58 percent. The value of transactions reached 806.6 million EGP (U.S. $135.1 million).
Foreign investors had 31.11 percent and reached total purchasing valued at 11.5 million EGP (U.S. $1.93 million). Arab investors had about 4.86 percent and reached total purchasing valued at 11.8 million EGP (U.S. $1.98 million). Egyptian investors had 64.03 percent of total transactions and reached total sale valued at 23.4 million EGP (U.S. $3.92 million).
Some of the main shares witnessed dramatic decline, including Talaat Moustafa by 1.3 percent, Ezz Steel by 0.67 percent, SODIC by 1.5 percent, Orascom Telecom by 0.63 percent, Mobinil by 1.7 percent, Trade Commercial International Bank by 1.4 percent and OCI by 0.93 percent.
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