Cairo’s exchange begins week on downward note
On Sunday, April 29, the market started weak on lack of news to stimulate buying. Helwan Cement (HELW.CA) was the exception, as April 29 was the record date for its LE5/share cash dividend. The share saw some activity to end the session up 1.61 percent at LE44.83.
Elsewhere, blue chips were stable as The Egyptian Company for Mobile Services –MobiNiL (EMOB.CA), and Commercial International Bank – CIB (COMI.CA) closed nearly flat. Testing news lows, Lakah Group (HCFI.CA) closed at LE0.96 to end the session down 3.96 percent.
Other new lows included Egyptian Media Production City (MPRC.CA), which ended the session with no bids and over 100,000 shares limit down and aic (AICR.CA), which also finished at a new low of LE1.87, down 3.61 percent.
Overall, the PAMI inched down 0.72 percent to 6,480.3, while the PIPO dipped 1.42 percent to 1,579.0.
Prime Securities S.A.E.
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