Stock exchange trading fluctuated significantly Thursday due to sales by Egyptian and foreign investors, but stabilized by the end of the session as Arab investors were more inclined to buy.
The EGX30 index, the benchmark index of the 30 most active companies, went up 0.15 percent to 5,145 points, which represents trades worth LE331 million.
Orascom Telecom went up 4.1 percent, which led to a rise in the telecommunications sector.
The wider EGX70 and EGX100 indices fell 1.1 percent and 0.6 percent respectively, losing LE1.5 billion, with the market capital at LE372.4 billion.
“The stock market is unbalanced because investors are waiting for any good news,” said Mahmoud Abdel Rahman, investment director at Premier Securities, explaining the fluctuations.
Translated from Al-Masry Al-Youm
