amwalalghad :: Investors Continue To ‘Wait-and-see” Amid EGX’s Wednesday Trading: Pharos

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National Real Estate Bank for    18.12        Palm Hills Development Company   2.34        Modern Company For Water Proof   1.72        El Ezz Porcelain (Gemma)   3        Acrow Misr   20.6        ARAB POLVARA SPINNING & WEAVIN   3.04        T M G Holding   4.15        Sharkia National Food   5.24        Pioneers Holding   4.08        Egyptian Iron & Steel   10.83        Canal Shipping Agencies   12.75        Medinet Nasr Housing   23.87        Egyptian Kuwaiti Holding   1.09        Sidi Kerir Petrochemicals   12.79        Raya Holding For Technology An   5.46        Egyptian Financial Group-Herme   9.76        National Development Bank   8.14        Orascom Telecom Holding (OT)   4.7        Cairo Development and Investme   16.33        General Company For Land Recla   28.67        Arab Cotton Ginning   3.63        Misr Conditioning (Miraco)   55.67        Delta Sugar   12.1        Misr Oils & Soap   12.01        Ismailia Misr Poultry   3.97        GMC GROUP FOR INDUSTRIAL COMME   2.09        Egyptian Financial & Industria   9.47        Egyptian Chemical Industries (   10.71        Egyptian Media Production City   3.19        Delta Construction & Rebuildin   5.89        Universal For Paper and Packag   7.07        Remco for Touristic Villages C   2.29        Commercial International Bank    34.34        Egyptian Transport (EGYTRANS)   10.73        Egyptian for Developing Buildi   10.64        Telecom Egypt   13.61        El Kahera Housing   6.33        Citadel Capital - Common Share   3.54        Misr Chemical Industries   6.67        Rakta Paper Manufacturing   7.11        International Agricultural Pro   3.02        El Shams Housing & Urbanizatio   3.39        United Arab Shipping   0.65        Ceramic & Porcelain   4.05        Six of October Development & I   20.91        El Arabia for Land Reclamation   19.08        Mena Touristic & Real Estate I   1.75        Faisal Islamic Bank of Egypt -   7.09        Union National Bank - Egypt "    4.78        Oriental Weavers   21.95        Giza General Contracting   17.62        South Valley Cement   4.17        El Nasr Clothes & Textiles (Ka   0.66        Ezz Steel   10.08        Heliopolis Housing   21.82        Orascom Construction Industrie   239.76        Misr Duty Free Shops   3.38        Egyptian for Tourism Resorts   0.94        Egyptian Company for Mobile Se   127.75        Suez Canal Bank   4.47        El Ahli Investment and Develop   7.58        Egyptian Starch & Glucose   7.5        Export Development Bank of Egy   6.02        Egyptians Housing Development    2.98        Egypt for Poultry   2.1        Maridive & oil services   1.07        Upper Egypt Contracting   1.09        Nasr Company for Civil Works   22.92        Samad Misr -EGYFERT   5.45        Egyptian Real Estate Group   11.52        Alexandria Spinning & Weaving    1.07        Gharbia Islamic Housing Develo   13.97        Upper Egypt Flour Mills   50.49        National Societe Generale Bank   27.96        Egyptians Abroad for Investmen   4.44        Egyptian Gulf Bank   1.42        Credit Agricole Egypt   10.99        Minapharm Pharmaceuticals   27.02        Suez Cement   22.85        El Ahram Co. For Printing And    12.68        Arab Aluminum   28.7        Engineering Industries (ICON)   4.8        National company for maize pro   15.2        National Housing for Professio   20.1        United Housing & Development   9.25        Gulf Canadian Real Estate Inve   28.34        Egyptian Saudi Finance Bank   13.43        Arab Valves Company   1.53        Cairo Pharmaceuticals   19.7        Northern Upper Egypt Developme   7.97        Sinai Cement   19.49        Lecico Egypt   7.72        Kafr El Zayat Pesticides   26.76        Asek Company for Mining - Asco   9.42        Abou Kir Fertilizers   136.25        Middle & West Delta Flour Mill   32.33        Sues Canal Company For Technol   12.74        Cairo Poultry   9.15        Arab Real Estate Investment (A   0.48        Extracted Oils   0.81        Misr Beni Suef Cement   45.08        Ismailia National Food Industr   8.58        Nozha International Hospital   32.1        Assiut Islamic Trading   5.78        Alexandria Containers and good   91.05        Rowad Tourism (Al Rowad)   7.81        Arab Ceramics (Aracemco)   27.13        Alexandria Mineral Oils Compan   67.53        Naeem Holding   0.23        ELSWEDY CABLES   20.01        Mansourah Poultry   15.83        Arab Gathering Investment   26        Natural Gas & Mining Project (   73.83        Cairo Investment & Real Estate   14.03        Egyptian Real Estate Group Bea   24.86        Egyptian Electrical Cables   0.68        TransOceans Tours   0.11        Middle Egypt Flour Mills   7.31        North Cairo Mills   16.59        El Arabia for Investment & Dev   0.46        EL Ezz Aldekhela Steel - Alexa   486.34        El Nasr For Manufacturing Agri   14.15        Zahraa Maadi Investment & Deve   51.23        Misr Cement (Qena)   68.67        Torah Cement   27.48        Housing & Development Bank   15.51        El Kahera El Watania Investmen   7.12        Naeem portfolio and fund Manag   2.29        Eastern Tobacco   100.01        Orascom Development Holding (A   3.84        Prime Holding   1.33        Faisal Islamic Bank of Egypt -   43.5        Al Arafa Investment And Consul   0.2        Golden Textiles & Clothes Wool   6.73        Delta Insurance   6.01        Cairo Oils & Soap   16.79        Alexandria Flour Mills   16.06        Paint & Chemicals Industries (   41        East Delta Flour Mills   32        El Nasr Transformers (El Maco)   7.72        El Watany Bank of Egypt   17.15        Modern Shorouk Printing & Pack   9.43        Egypt Aluminum   16.09        International Co For Investmen   25.19        Development & Engineering Cons   9.68        GB AUTO   27.11        Egyptian Arabian (cmar) Securi   0.5        Sharm Dreams Co. for Tourism I   7.29        Glaxo Smith Kline   9.46        Alexandria Cement   12.14        El Obour Real Estate Investmen   7.01        National Cement   11.82        El Arabia Engineering Industri   16        Misr Hotels   30        Alexandria National Company fo   8.55        Nile Pharmaceuticals   18.53        Al Moasher for Programming and   1.11        UTOPIA   7.25        Barbary Investment Group ( BIG   1.12        Saudi Egyptian Investment & Fi   43.63        Memphis Pharmaceuticals   12.72        

Investors Continue To ‘Wait-and-see” Amid EGX’s Wednesday Trading: Pharos


Published Wednesday, 18 July 2012 19:05 | Written by Amwal Al Ghad

Pharos Research pointed out in its post session commentary report that today’s session lacked any noticeable luster and buying appetite across the board, as investors continue to await the formation of the new government, or at least the appointment of the much-anticipated prime minister, which has been postponed several times.

Both indexes’ performance seemed listless (EGX30 0.0%, EGX70 +0.2%), as well as on turnover which dropped to only half of that recorded last session, the report issuer noted.



Bellwether Orascom Construction Industries OCI (OCIC:CA) provided support to the index for the second consecutive session, as it added a further 0.7%. Talaat Moustafa Group - TMG (TMGH:CA)continued to further advance, closing up 1.0% at the end of the session. This comes after the company sent out a release in response to the recent recommendation by the state judicial council with regard to its Madinaty land-plot. Palms Hills Development PHD (PHDC:CA) and the Six of October Development and Investment Company (SODIC.CA)  followed suit and jumped up 1.5% and 2.9%, respectively.
Orascom Telecom Media & Technology Holding  - OTMT (OTMT:CA) and TE gave up their recent gains and ended on respective losses of 0.2% and 2.4%. CIB (COMI:CA) also weighed on the benchmark index as it shed 0.4%.

Alexandria Mineral Oils Company – AMOC (AMOC:CA)  underperformed the market and slipped 0.3%. Earlier in the day, the company’s board of directors proposed a dividend of EGP 7.0 per share on FY2012 profits, which came in at EGP 1.06 billion, the report concluded.

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