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Egypt's parliamentary elections saves stock market
Published in Youm7 on 01 - 12 - 2011

Egypt's stock market ended this week's transaction today December 1, with a gain of 3.99 billion EGP supported by purchases of Egyptian investors while Arab and foreign transactions tended to sell.
The stock market witnessed a refreshing increase this week, while the Egyptian parliamentary elections were in progress. This week's stock market was saved from the last seven sessions of loss.
The market witnessed the worst declination in the past few days, because of the protests in Tahrir Square, which caused a 30 billion EGP loss in the market capital.
Main index EGYX30 rose with 1.6 percent at 4087 points, while index EGYX20 rose by 1.4 percent.
Index of medium and small company shares EGYX70 increased by 2.7 percent, while EGYX100 by 2.1 percent and the size of transaction reached 319.01 million EGP.
Foreign investors captured 33.52 percent of market transaction with 13.9 million EGP in purchases, while Egyptian investors captured 60.69 percent with 24.5 million EGP in purchases.
Arab investors captured 5.79 percent with a purchase of 10.5 million EGP.
Central International Bank (CIB) shares increased by 3.7 percent, Amer Group by 1.4 percent, Citadel by 2.6 percent, Talaat Moustafa by 2.7 percent, Orascom for Estate by 1.4 percent, Ezz Steel by 1.3 percent and Palm Hills by 2.3 percent.
Arabic here


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