Active stocks accounted for the balancing force to the Egyptian Capital Market during the third week of January 2010 after paying the positive news about them foreign investors especially to the implementation of procurement had the effect of the increase in the market indices in varying proportions.

And for the movement of indicators, main index rose "When X 30" - which measures the performance of the 30 most active shares - rose 2.7%, or 183.39 points to reach 6864.19 points.

The benchmark "When X 70" - which measures the stock performance of small and medium - 21.65 points to end the trading week at the level of 736.80 points.

Despite the overall rise for the week, to Ahmed Oteify investment manager of a firm trading securities in exclusive statements to the news site Egypt www.egynews.net Mountki the market fell Thursday due to the approaching main index of the psychological barrier of resistance, which is 7200 points, dealers and make them impenetrable to the highest observed to enter strongly purchasing new ones.

Brokers said stocks were active in the forefront of Hermes and Commercial International Bank and Orascom Construction accounted for the largest proportion of transactions supported by reports of a transaction including transfer of ownership of the shares of Castle Financial Advisors valued at more than 100 million pounds, carried out by the Emirates International Investment Bank for the benefit of HSBC is positively reflected on the numbers of foreign purchases.

In the same context, the higher the transactions on the shares of EFG-Hermes amid optimism re-use the proceeds from selling its stake in Bank Audi in Lebanon that exceeded $ 900 million in expansion projects for the company.

On the performance of the most prominent papers, weekly report, stock exchange, Ahli United Bank has the highest turnover amounted to 984 pounds by 12.39%, while the issue of "Egyptian Resorts," The market in volume terms to deal 65 million of its shares reached 9% of the total.

The shares of the "Cairo Poultry" at the forefront in terms of the rise in price after rising 31% to up to 27 pounds in shares has achieved the atmosphere of the food industry the biggest decline was 81% to 15 pounds.

The market saw a rise of 141 issues declined and 35 securities and settled at 9 Aglaqatha previous papers, and in the second week of January rose while 140 shares declined 30 papers and settled 18 paper.

The report estimated the total value of trading at about 7.9 billion pounds and the volume traded amounted to 663.045 million shares was 294,405 through the sale and purchase.

In the week preceding the turnover stood at 9.1 billion pounds and the volume traded amounted to 551.181 million shares was 268,391 through the sale and purchase.

The report pointed out that the value of shares bought by foreign investors during the week amounted to 2.4 billion pounds versus 2.2 billion of sales.

During the second week of January, contributed to a package of positive news in support of the Egyptian stocks, especially in the last days of deliberation, was in the forefront of the Declaration of financial group "Hermes" to negotiate for the sale of Holding's stake in Bank Audi, Lebanon, and the decision of the administrative court to halt the sale of the Egyptian Company for services mobile phone "Mobinil" which would revive the telecommunications sector, resulting in a relatively stable market and investors turning to buy in anticipation of more news.

(The U.S. dollar is equal to 5.4 pounds)
edit post

Comments

إرسال تعليق