23 October 2007

Egypt market review-Tuesday

By Omnia Abdel Razek
Buyers stepped back into the market more strongly on today’s session bringing most of the issues to the green arena back, the rebound was supported by the market blue chips especially OT, and so the rebound of American stocks on Monday’s session.
CASE 30 Index closed 0.93 % up at 8971.81 points, the market traded 163 companies at LE 1,079,164,649, out of which CASE 30 companies accounted for LE 631,353,562; where only 6 issues dropped, 3 remained flat, and the remaining closed up.
On the Index’s winners list; Sidi Kerir Petrochemicals came ahead, for the second session in a line, with 1.84 % to LE 20.44, Housing & Development Bank advanced 1.60 % to LE 57.61, Alexandria Mineral Oils Company closed 1.59 % up at LE 79.99, Telecom Egypt gained 1.52 % to LE 18.08, and El Kahera Housing closed 1.49 % up at LE 14.35.
On the downside; El Nasr Clothes & Textiles (Kabo) dipped 1.38 % to LE 2.15, ARAB POLVARA SPINNING & WEAVING CO. declined 0.78 % to LE 5.10, South Valley Cement dipped 0.72 % to LE 16.55, El Ahli Investment and Development dipped 0.55 % to LE 19.71, and Egyptian for Tourism Resorts closed 0.19 % down at LE 10.53.
On the turnover list; Six of October Development & Investment (SODIC) came ahead with LE 70,468,585 trading value and it closed 1.42 % up at LE 189.58, Sidi Kerir Petrochemicals traded LE 53,498,650, Egyptian for Tourism Resorts traded LE 52,287,100,Heliopolis Housing traded LE 51,013,514 and closed 0.45 % up at LE 484.70, and Housing & Development Bank