CASE remains stable in midweek trading
On Monday, June 18, the market was unchanged with a small volume of 2.4 million shares changing hands. Bond trading revived again, as 180 million were traded. The PAMI slipped 0.23 percent, while the PIPO fell 0.35 percent.
Stocks were put on hold as blue chip stocks remained stable during the session. Suez Cement slipped 0.57 percent on lack of news on the bidders for its 10.1 million share stake. Meanwhile, Sinai Cement recorded a new low at LE10.52.
The telecom sector remained unchanged as MobiNiL (EMOB. CA) remains over the LE60 key level at LE60.54.
Financial leader CIB gained 0.52 percent on talk that the bank might be interested in increasing its stake in CIIC. Elsewhere, Lakah Group continued its free fall to close at LE0.73, still 28 percent over its GDR price of $0.425. The housing sector,represented by Nasr City H&D and Cairo H&D fell 0.21 percent and 3.70 percent, respectively,despite the Egyptian parliament’s approval of the mortgage draft law.
Prime Securities S.A.E.
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