Egyptian Exchange Pares It Early Losses to EGP 3.8 Bln; EFG-Hermes 1.15% Up
On Tuesday’s closing, the EGX posted losses of EGP 3.86 billion as the capital market has amounted to EGP 337.084 billion.
The main index, EGX30 went down 1.14% to close at 4683.87 p. EGX20 sank 1.57% to end at 5340.55 p.
Meanwhile, the mid- and small-cap index, the EGX70 edged down 1.14% to conclude at 4683.87 p. Price index EGX100 dived 2.09% to finish at 735.28 p.
Traded volume reached 53.059 million securities worth EGP 252.519 million, exchanged through 12.707 thousand transactions.
This was after trading in 168 listed securities; 119 declined and 31 advanced while 18 keeping their previous levels.
Egyptians and Arabs were net buyers seizing 52.84% and 21.04% respectively, of the total markets, with a net equity of EGP 2.068 million and EGP 63.899 million, excluding the deals.
On the other hand, non-Arab Foreigners were net sellers seizing 26.12% of the total markets, with a net equity of EGP 24.943 million excluding the deals.
EGX’s leading shares witnessed unsteady performance. Shares owned by EFG-Hermes Holding (HRHO.CA) surged 1.15% finishing at EGP 10.60. On the other hand, Commercial International Bank- Egypt (COMI.CA) went down 1.14% ending at EGP 24.29. Orascom Telecom Media & Technology Holding (OTMT.CA) also edged down 0.76% concluding at EGP 1.31. Orascom Construction Industries (OCIC.CA) inched lower 0.49% closing at EGP 264.65.
Orascom Telecom Holding (OTH) (ORTE.CA) maintained its previous levels concluding at EGP 3.12.
Demonstrators furious that Hosni Mubarak’s last prime minister made it into the run-off for Egypt’s presidential election set ablaze his campaign headquarters on Monday, witnesses said, underscoring the divisive outcome of the country’s historic vote.
Former air force commander Ahmed Shafiq, who has described Mubarak as a role model, will face the Muslim Brotherhood’s Mohamed Mursi in the run-off. It is a contest between the two most polarizing and controversial figures in the race.
A group of protesters broke into and vandalized Shafiq’s office in the residential district of Dokki before setting it ablaze, the state news agency reported. An official in the fire service confirmed the blaze had been extinguished without causing any casualties.
Several thousand protesters took to the streets across Egypt to demonstrate against the result of the election’s first round, which was officially announced on Monday.
