On Monday, January 15, the market ended lower in mixed trading and thin volume. The two telecom providers moved in opposite directions, as local GSM operator MobiNiL (EMOB.CA) rose 0.24 percent to
LE73.89 while regional Orascom Telecom –OT (ORTE.CA) dipped 0.17 percent to LE45.88. The market will likely move in accordance with sentiment following the OT press conference scheduled after Monday’s session.
Blue chip Commercial Interna-tional Bank –CIB (COMI.CA) continued to buck market trend, closing 0.58 percent higher at LE37.96.
Housing stocks continued to enjoy robust gains. United Housing & Development (UNIT.CA) finished the session up 3.63 percent at LE4.57 while Development & Engineering Consultancy (DAPH.CA) jumped 4.45 percent to LE7.74. Conversely, Lakah Group (HCFI.CA) was the day’s volume leader, but continued to tumble 4.17 percent to LE2.07.
Overall, the PAMI lost 0.11 percent to 7,701 while the PIPO was up 0.72 percent to close at 1,785.4.
prime Securities S.A.E.
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