0.9% loss has turned to 0.20% gain
Cairo - Mohi al-Kardousi
Egypt’s stock market value increased by 0.20 percent, as foreign and Arab investors purchased the small, medium and leading shares, with Egyptians selling their shares during Monday’s session.
Increasing sales pushed the Egyptian stock market to decline by 0.9 percent, while the purchases of foreign investors reduced the losses during for an overall positive.
The main index of Egypt’s stock market, EGX 30 went up by 0.20 percent, while EGX 70 gained by 0.30 percent. EGX 100 also achieved 0.30 percent gains. Transactions reached to 524.17 million EGP, including 323.02 million for shares and 171.03 million for the transfer of ownership. 61 shares showed gains, while 7 shares witnessed a decline.
In terms of leading shares, Commercial International Bank gained by 0.03 percent, while the shares of Orascom Construction Industries reflected 0.60 percent profits. Orascom Telecom lost by 0.52 percent, while the shares of Hermes declined by 0.81 percent.
Stock market expert Mohamed Said said that Egypt’s stock market suffers from a state of instability, adding that the attack on the chairperson of the Judges' Club raised the anxiety of investors, prompting them to sell their shares.