Market Commentary The market witnessed a mixed performance during todays session with EGX30 adding 0.53% to close at 8,140.05pts (its highest level since September 2008) and EGX70 losing 1.35% to close at 651.12pts. Over the week, EGX30 and EGX70 added 2.40% and 0.89% respectively. Todays turnover recorded a very healthy EGP 1.4bn distributed over 499.8mn shares. Foreign and local investors stepped in as net buyers with EGP 6.46mn and EGP 1.75mn respectively while Arab investors came out as net sellers with EGP 8.21mn. Retail trades accounted for 78.70% of total turnover while institutions accounted for the remaining 21.30%. Todays top gainers list was led by Medical Union Pharmaceuticals (MEDU.CA) surging 9.63% to close at EGP 34.15. Guezira Hotels & Tourism (GIZF.CA) followed suit adding 8.96% to close at USD 13.50. Egyptians Housing Development & Reconstruction (EHDR.CA) came in 3rd place rising 6.83% to close at EGP 4.69. On the other hand, the top losers list was led by Prime Holding (PRMH.CA) falling 9.49% to close at EGP 3.91. Orascom Construction Industries (OCI) (OCIC.CA) followed suit dipping 6.23% to close at EGP 335.60. Recap Financial Investments (REAC.CA) came in 3rd place dropping 5.94% to close at EGP 4.12.
Posted on: Thu, 13 Mar 2014 16:11:27 +0000
Trending Topics
Recently Viewed Topics
© 2015