EGX 30 Soars 1.03%, OTMT 8.77% Up; Tuesday Opening

During Tuesday opening session, the Egyptian Exchange (EGX) has posted early gains of EGP 2.36 billion as the capital market has amounted to EGP 359.019 billion, according to data compiled by Amwal Al Ghad at 10:59 a.m. Cairo time (08:59 GMT).

Egyptian Exchange has halted its trading sessions for two days on Eid El-Fitr vacation; EGX resumed trading Tuesday.

The main index, EGX30 soared by 1.03% to hit  5216.59 p.  EGX20 jumped 1.32% to reach 6068.39 p.

Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.74% to hit 457.68 p.  Price index EGX100 rose by 0.77% to reach 790.13 p.

Traded volume reached 7.873 million securities worth EGP 27.971 million, exchanged through 1.531 transactions.

This was after trading in 77 listed securities; 5 declined 66 advanced while 6 keeping their previous levels.

Egyptians and Arabs were net buyers seizing 74.45% and 9.79% respectively, of the total markets, with a net equity of EGP 2.368 million and EGP 3.421 million excluding the deals.

On the other hand, non-Arab Foreigners were net sellers seizing 15.76% of the total markets, with a net equity of EGP 1.052 million excluding the deals.

Leading Shares:

EGX’s leading shares witnessed collective upwards led by the shares of Orascom Telecom Media & Technology Holding (OTMT.CA) climbed by 8.77% to hit EGP 0.62.  OTMT announced Wednesday net profits of EGP 4.571 billion since its inception till the end of the first half of 2012 that ended 30/06/2012.

 

EFG-Hermes Holding:

Shares of EFG-Hermes Holding (HRHO.CA) surged by 1.85% to end at EGP 11.57.

Egyptian investment bank EFG-Hermes Holding (HRHO.CA) announced last week its net profits for the second quarter of 2012 hitting EGP 27 million, 23% down, compared to last year’s net profits of EGP 35 million.

Total operating revenues during Q2/2012 rose 10% to EGP 477 million, compared to EGP 466 million during Q2/2011. Operation profits, after excluding total operation expenses, slumped to EGP 146 million during Q2/2012, compared to EGP 167 million during Q2/2011.

Total brokerage revenues dipped by 20% to $4.677 million during Q2/2012, compared to $5.682 million during Q2/2011.

Commercial International Bank:

The shares of Commercial International Bank- Egypt (CIB) (COMI.CA) inched higher by 0.73% to reach EGP 28.90. .

Egypt’s Commercial International Bank (CIB) (COMI.CA) reported Wednesday an 18 percent increase in second-quarter net income on Tuesday, above the expectations of analysts who say the country’s lenders are benefiting from soaring yields on government debt.

Citadel Capital:

Shares owned by Citadel Capital (CCAP.CA) edged up by 0.64% to hit EGP 3.14.

Orascom Telecom Holding:

Orascom Telecom Holding (OTH) (ORTE.CA) rose by 0.55% to hit EGP 3.67.

Talaat Moustafa Group:

The shares of Talaat Moustafa Group (TMGH.CA) edged up by 0.45% to reach EGP 4.42.

Orascom Construction Industries:

Orascom Construction Industries (OCIC.CA) increased by 0.31% to hit EGP 275.40.