CASE remains stable awaiting MobiNil financial results
On Sunday, July 8, the market appeared on hold as investors remained on the sidelines waiting for market bellwether, MobiNiL, 1H FY01 results due out today. Accordingly, volumes were low recording at 2 million shares. The active PAMI index fell 1.11 percent to 6639.2, dragged down by Orascom Telecom and EIPICO which fell 1.34 percent and 2.14 percent, respectively.
Blue chips gained ground as CIB rose 1.21 percent to LE35.90, while construction giant OCI edged up 0.78 percent. Cement activity slowed down but remained positive as Suez Cement climbed 1.03 percent to LE36.41 and Sinai Cement gained 2.33 percent.
Stocks hitting new lows included Media Production City at LE10.65, which was faced with a continued sell-off that started late last week, and El Ezz Steel Rebars at LE1.48. Medical conglomerate Lakah group halted its southern journey, reversing as asks disap-peared mid session.The stock rose 3.23 percent to LE0.64.
Prime Securities S.A.E.
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