Egypt News

Sunday
Nov 22nd
  • Login
  • Sign up
    Registration
    Fields marked with an asterisk (*) are required.
    Name: *
    Username: *
    E-mail: *
    Password: *
    Verify Password: *
  • Search
Text size
  • Increase font size
  • Default font size
  • Decrease font size
Home arrow Business arrow Egypt stock exchange drops 2.6%
Egypt stock exchange drops 2.6% PDF Print E-mail
Written by Egypt News   
Monday, 02 November 2009
The stock exchange on Sunday closed with a drop of 2.6 percent on the EGX 30 index, after purchases by Egyptian investors failed to match sales by foreign and Arab investors

The index lost 181 points, closing at 6784 points by the end of the session, a result of share prices falling in 152 companies as compared with an increase in the shares of only 16 companies, within total dealings of LE1.1 billion.

Al-Ahly Fund Management Company President Essam Khalifa explained: "The illusory belief that we are linked to the American financial market caused our stock exchange to drop at the same rate as that of the US."

Mohktar Ibrahim Contractors, Arab Aluminum, Nile Pharmaceuticals, Misr Hotels, and Sharm Dreams for Tourism Investments suffered the greatest falls.

The highest rises were seen for Vodafone Egypt, Blom Bank, Helwan Cement, the National Development Bank, and GMC Group, all ranging between four and 20 per cent.

Orascom Telecom is currently studying possibilities for helping WIND Mobile to launch its services in the Canadian market after it was announced that WIND Mobile was unable to meet Canadian preconditions.

 

 

 

EGYPT NEWS

» No Comments
There are no comments up to now.
» Post Comment
Email (will not be published)
Name
Title
Comment
 remaining characters
Captcha Image
Regenerate code when it's unreadable
 
< Prev   Next >

Cairo Cinema

Adrenalin
 This is It
Egyptian Adrenalin Movie This is It movie for Michael Jackson
Lieutenant colonel Mahmoud Abul-Leil discovers a disfigured anonymous corpse and leads a team of investigators to solve the murder
 Michael Jackson’s This is It will offer Jackson fans and music lovers worldwide a rare, behind-the-scenes look at the performer as he developed
READ MORE
READ MORE

Cairo Events

Beyonce in Egypt Cairo Film Festival 2009
6-7 Nov 2009 10-20 Nov 2009
Beyonce in Egypt Port Ghalib
Cairo International Film Festival 2009
 



Egypt Video

Egyptian National Democratic Party

Egyptian President Hosni Mubarak and National Democratic Part annual conference

Barack Oama Nobel Peace prize: Support and opposition

Barack Oama Nobel Peace prize: Support and opposition

Man of Peace and War (Anwar Al Sadat)

Man of Peace and War (Anwar Al Sadat)

World Climate Conference in Geneva

World Climate Conference in Geneva

Michael Jackson (King of the POP)

Michael Jackson (King of the POP)

H1N1 Epidemic and Pandemic Alert and Response (EPR)

H1N1 Epidemic and Pandemic Alert and Response (EPR)

 

Railway accidents in Egypt

Egypt's national railway system is the biggest in the Middle East, with nearly 5,000 kilometers of ...

 

Battle for honour, liberating the land

Contrary to what was in the Western and Israeli sites said, the 6 October war was a battle to liber...

 

FIFA U-20 World Cup

The FIFA U-20 World Cup, until 2005 known as the FIFA World Youth Championship, is the world champi...

Polls

Do you think the Real State market in Egypt will collapse more?
 
Do you think that the sentence of Talaat Moustafa will affect Talaat Moustafa group shares?
 
Do you think the Transport Minister resignation is the right step after Egypt's latest rail crash?
 

Main Menu

HomeEgypt NewsMiddle EastWorldBusinessScience - NatureEntertainmentSports