CAIRO: Egypt's stock market lost 1.19 billion EGP on Thursday December 8 as its indexes strongly declined on the first day of newly appointed Prime Minister Kamal el-Ganzouri government. Arab and foreign investors held increasing sales, while Egyptians tended to conduct purchases. Principal index of Egypt's stock market EGX30 dropped by 0.59 percent while EGX20 dropped by 0.72 percent. Index of small and medium companies EGX70 declined by 0.52 percent, while EGX100 declined by 0.47 percent. Egyptian investors seized 72.79 percent of Thursday's dealings, conducting net purchase of 28.3 million EGP. Foreigners seized 16.68 percent of transactions, achieving net sales of 1.4 million EGP, while Arabs seized 10.53 percent, achieving net sales of 26.8 million EGP. A number of shares witnessed notable losses during today's transactions, including CIB by 1.01 percent, Amer Group by 1.4 percent, Swedy Electric by 1.1 percent, Talaat Mustafa by 2.1 percent, Hermis by 1.8 percent, Qalaa by 1.9 percent, Palm Hills by 1.5 percent and Sodic by 1.8 percent. Arabic here
