Egypt stocks comes in red, under pressure to reap quick profits
Ignoring the rise of "American"
Egyptian stock indexes colored red on Sunday after it opened on the rise following the trend in the number of investors to reap quick gains amid a negative performance of most blue chip stocks.
And for the movement of standard indicators, the main index lost "Egy x 30" - which includes the 30 largest listed companies - 0.02% to 6525.24 points, after gaining 0.27% to open at 6543.72 points,.
Index, shares of small and medium-and speculative stocks, "Egy x 70" 0.41% to 599.59 points after opening on the rise by about 0.41% to 604.5 points.
The index tracked "Egy x 100" broader impact of its predecessor, down 0.07%, recording 1007.40 points, after gaining 0.34% at 1011.58 points, registering in early dealings.
And as intermediaries in the market trading volumes of about 358.39 million pounds has also been on the Egyptian Stock Exchange trading system, the main dealers worth around 907 million pounds, bringing the total circulation of nearly 1.2 billion pounds.
They pointed out that the Egyptian market ignored the gains made by the U.S. stock market during trading last week, which has increased 400 points in only two days in a state of uncertainty and non-completion of the confidence of the investors the ability of the global financial markets recover.
They pointed out that investors were still waiting for any news about the sale of Orascom Telecom, along with news concerning the crisis of sale of a unit operation in Algeria which is a severe negative impact on market performance in light of the mysterious fate of transactions.
Its shares were speculation rises during the day as shares, "the island for hotels" and "BIG trade and investment" by more than 11% shares of "Glaxo" and "Alexandria National Investment" and "Egyptian national" rates ranging from 4 to 5%.
During the week ending September 2 20120, Tabanit the Egyptian stock exchange transactions, with a tendency towards the decline of the decline in the purchasing power on the active stocks, especially by foreigners, which appeared in the standard indicators of the market.
Analysts and investors, the Egyptian Stock Exchange hope to see the market activity during the last week of Ramadan, an improvement in performance both in terms of volumes Ooosar shares just before the start of a holiday season of the Eid after the recession marked by noted Egyptian shares since the start of the month, which landed rates of volumes no less than the rates for more than seven years.
Ignoring the rise of "American"
Egyptian stock indexes colored red on Sunday after it opened on the rise following the trend in the number of investors to reap quick gains amid a negative performance of most blue chip stocks.
And for the movement of standard indicators, the main index lost "Egy x 30" - which includes the 30 largest listed companies - 0.02% to 6525.24 points, after gaining 0.27% to open at 6543.72 points,.
Index, shares of small and medium-and speculative stocks, "Egy x 70" 0.41% to 599.59 points after opening on the rise by about 0.41% to 604.5 points.
The index tracked "Egy x 100" broader impact of its predecessor, down 0.07%, recording 1007.40 points, after gaining 0.34% at 1011.58 points, registering in early dealings.
And as intermediaries in the market trading volumes of about 358.39 million pounds has also been on the Egyptian Stock Exchange trading system, the main dealers worth around 907 million pounds, bringing the total circulation of nearly 1.2 billion pounds.
They pointed out that the Egyptian market ignored the gains made by the U.S. stock market during trading last week, which has increased 400 points in only two days in a state of uncertainty and non-completion of the confidence of the investors the ability of the global financial markets recover.
They pointed out that investors were still waiting for any news about the sale of Orascom Telecom, along with news concerning the crisis of sale of a unit operation in Algeria which is a severe negative impact on market performance in light of the mysterious fate of transactions.
Its shares were speculation rises during the day as shares, "the island for hotels" and "BIG trade and investment" by more than 11% shares of "Glaxo" and "Alexandria National Investment" and "Egyptian national" rates ranging from 4 to 5%.
During the week ending September 2 20120, Tabanit the Egyptian stock exchange transactions, with a tendency towards the decline of the decline in the purchasing power on the active stocks, especially by foreigners, which appeared in the standard indicators of the market.
Analysts and investors, the Egyptian Stock Exchange hope to see the market activity during the last week of Ramadan, an improvement in performance both in terms of volumes Ooosar shares just before the start of a holiday season of the Eid after the recession marked by noted Egyptian shares since the start of the month, which landed rates of volumes no less than the rates for more than seven years.
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