EGX Gains EGP 2 Bln; Orascom Telecom 2.08% Up: Presidential Elections Day Two
Published Thursday, 24 May 2012 12:10 | Written by Amwal Al Ghad
Whilst the second day of post-revolution presidential elections, the EGX posted on Thursday's early gains of EGP 2.02 billion as the capital market has reached EGP 352.177 billion.
The main index, EGX30 climbed 0.85% to hit 4963.5 p. EGX20 inched higher 0.83% to reach 5711.05 p.
Meanwhile, the mid- and small-cap index, the EGX70 edged up 0.50% to hit 430.51 p. Price index EGX100 climbed 0.54% to reach 775.11 p.
Traded volume reached 20.153 million securities worth EGP 80.977 million, exchanged through 4.580 thousand transactions.
This was after trading in 114 listed securities; 9 declined and 85 advanced while 20 keeping their previous levels.
Egyptians and Arabs were net buyers seizing 60.24% and 15.8% respectively, of the total markets, with a net equity of EGP 14.138 million and EGP 7.907 million, excluding the deals.
On the other hand, non-Arab Foreigners were net sellers seizing 23.96% of the total markets, with a net equity of EGP 22.046 million excluding the deals.
EGX’s leading shares witnessed collective upwards except for Orascom Telecom Media & Technology Holding (OTMT.CA) which went down 0.72% to reach EGP 1.38.
Orascom Telecom Holding (OTH) (ORTE.CA) has led EGX's upwards by jumping 2.08% to hit EGP 3.43. Commercial International Bank- Egypt (COMI.CA) soared 1.64% to reach EGP 26.00.
Orascom Construction Industries (OCIC.CA) also surged 0.96% to reach EGP 277.99.
Additionally, EFG-Hermes Holding (HRHO.CA) also inched higher 0.90% to hit EGP 11.27.
Most Popular »
- Hitachi Inks $30 million Strategic Partnership with Egypt’s Tiba Group
- Egypt Looking to Revitalise Economic Relations with US: Industry Minister
- Apple Cannot Escape U.S. States' E-Book Antitrust Cases: Judge
- Intel Sales May Top Estimates on Corporate PC Demand
- Wall Street Ends Higher As Blue Chips Rally; Intel Up Late