Cairo’s exchange ends week with low trading volumes

Published March 8th, 2001 - 02:00 GMT

On Thursday, March 1, the market traded on shallow volumes in the absence of market moving developments. LE33.8 million worth of securities exchanged hands, of which LE5.8 million occurred in bond trading. The top gainer for the session was Egyptian Iron and steel (IRON.CA), which jumped almost limit up to LE7.99. 

 

Orascom for Projects & Touristic Development – OPTD (OPTD.CA) dropped 4.90 percent to LE8.35, despite gains of 3.17 percent which pushed the stock up to LE8.78 on Wednesday.  

 

Elsewhere, top volume performance as attributed to Investment Financial Holding Co. Lakah Group (HCFI.CA) despite an approximate 1.14 percent fall in value on Thursday. Second top volume performer was Cairo Housing and Development, which also lost 1.57 percent during the session. Helwan Cement (HELW,CA) and Suez Cement (SUCE.CA) were from the most attractive stocks, making gains of 2.83 percent and 3.33 percent respectively, on the back of the anticipated offering concerning the former and the capital increase with regards to the latter.  

 

Overall, the PAMI gained 0.79 percent to 6,935.4 while the PIPO was up 0.81 percent to 1,687.4. 

 

Prime Securities S.A.E.  

© 2001 Mena Report (www.menareport.com)

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