EGX 30 Surges 0.27%, CIB Stock 1.47% Up; Closing

During Monday closing session, the Egyptian Exchange (EGX) has turned its early losses to gains of EGP 955 million as the capital market has amounted to EGP 405.646 billion.

EGX indices closed in green except for EGX70.

The main index, EGX30 rose by 0.27% to close at 5831.1 p.  EGX20 went up by 0.38% to end at 6883.91 p.

Meanwhile, the mid- and small-cap index, the EGX70 fell by 0.09% to conclude at  558.55 pts.  Price index EGX100 inched higher by 0.03% to finish at 918.77 p.

Traded volume reached 187.634 million securities worth EGP 823.037 million, exchanged through 40.810 thousand transactions.

This was after trading in 181 listed securities; 80 declined 85 advanced while 16 keeping their previous levels.

Egyptians and non-Arab Foreigners  were net buyers seizing 81.63% and 13.84% respectively, of the total markets, with a net equity of EGP 9.614 million and EGP 1.736 million excluding the deals.

On the other hand,  Arabs were net sellers seizing 4.53% of the total markets, with a net equity of EGP 11.350 million excluding the deals.

Leading Shares:

EGX’s leading shares witnessed unsteady performance.

Commercial International Bank:

Commercial International Bank- Egypt (CIB) (COMI.CA) climbed by 1.47% to end at EGP 34.50.

EFG-Hermes:

EFG-Hermes Holding (HRHO.CA) soared by 1.00% to end at EGP 12.09.

In a press release, EFG Hermes announced that the Group is launching its brokerage ATMs Monday across its branches in Egypt.

The machines — the first securities brokerage ATMs on the Egyptian market — will allow customers to make multiple transactions without being restricted to branch operating hours and without the need for a human cashier, clerk or teller.

This first service of its kind in Egypt is an integral component of our overall vision to expand our retail brokerage arm and introduce a superior customer service model that gives our clients the best possible transaction experience.

Customers will be issued a unique EFG Hermes Securities Brokerage ATM card, which will allow them to access any of the ATM machines located in eight strategic branches in Cairo, Alexandria and Mansoura. Cairo branches include Dokki, Mohandeseen, Maadi, Nasr City, Smart Village and Haram.

Key features of the service include the ability to deposit and withdraw funds from trading accounts. All deposits, whether cash or proceeds from trading are credited to the clients’ account on-the-spot allowing them further flexibility to execute timely trades with minimum hassle, clients can also check their account balance, either on-screen or in the form of a mini-statement.

“As the leading broker in the region, we aim to be at the forefront of innovation in our industry,” said Mohamed Ebeid, Co-Head of EFG Hermes Securities Brokerage. “This new fleet of ATMs offers EFG Hermes clients a unique customer experience, giving us a clear competitive advantage over other local brokers.”

This impressive new service is just the latest in a long list of innovative developments from our Securities Brokerage team who have brought to market an unparalleled range of products and services for both individual and institutional clients such as online trading, mobile trading, margin trading and multi-market access backed up by the region’s leading research house. This complementary bouquet services provides clients with fast, secure, multi-platform trading tools that allow them to buy and sell a wide range of securities

As a result of these endeavors, the team has also garnered numerous awards this year, most recently crowned as Best Brokerage House in Egypt at the Global Banking and Finance Awards 2012. This was only a few months after the team also won Best Broker in Kuwait at EMEA Finance’s Middle East Banking Awards.

“As always, we are not contenting ourselves with what we have already accomplished,” added Ahmed Waly, Co-Head of EFG Hermes Securities Brokerage. “Already the team is working on developing new features for the ATMs and expanding the ATM network to cover more areas in Egypt.”

Orascom Telecom Media & Technology Holding:

Orascom Telecom Media & Technology Holding (OTMT.CA) dived by 1.79% to end at EGP 0.55.

Citadel Capital:

Citadel Capital (CCAP.CA) slumped by 1.35% to end at EGP 4.37.

Orascom Telecom Holding:

Orascom Telecom Holding (OTH) (ORTE.CA) inched lower by 0.79% to close at EGP 3.78.

Orascom Construction Industries:

Orascom Construction Industries (OCIC.CA) dropped by 0.37% to finish at EGP 287.68.