During Thursday closing, the Egyptian Exchange (EGX) has pared its early gains to reach 849 million as the capital market has amounted to EGP 341.794 billion.
Egypt’s President Mohamed Morsi said on Wednesday he would seek dialogue with political forces and judicial authorities to resolve a row over parliament, which was dissolved by the country’s generals when they were still in charge.
“There will be consultations among all political forces, institutions and the supreme council of judicial authorities to find the best way out of this situation in order to overcome this stage together,” Morsi said in a statement, read by spokesman Yasser Ali.
The Islamist president said he was commitment to the law and constitution. He added he was “committed to the rulings of Egyptian judges and very keen to manage state powers and prevent any confrontation”.
The main index, EGX30 climbed 0.43% to end at 4814.84 p. EGX20 inched higher 0.18% to finish at 5509.02 p.
Meanwhile, the mid- and small-cap index, the EGX70 increased 0.43% to close at 427.71 p. Price index EGX100 edged up 0.29% to conclude at 734.63 p.
Traded volume reached 137.069 million securities worth 389.398 million, exchanged through 23.774 thousand transactions.
This was after trading in 178 listed securities; 84 declined and 72 advanced while 22 keeping their previous levels.
Egyptians and Arabs were net sellers seizing 75.89% and 5.78% respectively, of the total markets, with a net equity of EGP 4.011 million and EGP 6.178 million excluding the deals.
On the other hand, the non-Arab Foreigners were net buyers seizing 18.33% of the total markets, with a net equity of EGP 10.190 million excluding the deals.
Leading Shares:
EGX’s leading shares witnessed collective upwards except for the shares owned by Orascom Telecom Media & Technology Holding (OTMT.CA) which dived 1.29% to hit EGP 1.29. The shares of Talaat Moustafa Group (TMGH.CA) declined by 0.50% to reach EGP 3.95.
Orascom Telecom Holding:
The shares owned by Orascom Telecom Holding (OTH) (ORTE.CA) have led EGX early upwards as they soared 1.58% to reach EGP 3.21.
The Cairo-based company’s Zimbabwean unit said Wednesday active mobile-phone subscribers in that country rose to 2 million.
Commercial International Bank:
The shares owned by Commercial International Bank- Egypt (CIB) (COMI.CA) inched higher 1.05% to reach EGP 28.84.
Orascom Construction Industries:
Shares of Orascom Construction Industries (OCIC.CA) hiked 0.43% to hit EGP 252.55.
EFG-Hermes Holding:
The shares of EFG-Hermes Holding (HRHO.CA) climbed 0.09% to hit EGP 10.99. The trial of EFG-Hermes Holding SAE (HRHO.CA)’s co-Chief Executive Officers Hassan Heikal and Yasser El Mallawany on charges of market manipulation started Monday but the Court was adjourned until next July 14.
