Trade in CASE eases in light of Israeli election
On Tuesday, February 6, continued to ease in light of uncertainty surrounding the outcome of the Israeli election. Cement shares remained in focus, however, amid foreign strategic investor interest in the sector. Suez Cement (SUCE.CA) jumped 2.03 percent to LE39.76 following the company’s announcement of a capital increase allocated to an anchor investor.
Helwan Cement (HELW.CA) followed suit, risng 1.19 percent to LE36.48.National Cement (NCEM.CA) losed flat at LE12.09.Construction stocks ended mixed, as aic (AICR.CA) dropped 4.16 percent to LE4.84 and OCI (OCIC.CA) inched 0.35 percent higher to close at LE36.93.
In contrast, telecoms slumped lower, as GSM heavyweight MobiNiL (EMOB.CA) shed 2.76 percent to LE73.51 while regional telecom operator Orascom Telecom –OT (ORTE. CA) fell 1.48 percent to LE44.02. Overall, the PAMI slipped 0.86 percent to 7,738.1 while the PIPO was off 0.90 percent to 1,800.2.
Prime Securities S.A.E.
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