CASE starts week on downward note

Published June 19th, 2001 - 02:00 GMT

On Sunday, June 17, the market kicked off with a negative tone with most blue chips heading south on depressed volumes. The active PAMI index sank 1.4 percent, while the broader PIPO index gained 0.3 percent.  

 

Suez Cement fell LE1.97 to close at LE36.92 following distribution of its cash dividend of LE2/share. Other cement stocks sank into the red with Helwan Cement losing 

1.21 percent and Sinai Cement falling 1.28 percent.  

 

Mobile operators lost ground yester-day in correlation with the inter-national tech markets. MobiNiL slipped 1.89 percent, while Orascom Telecom fell 1.77 percent.  

 

Elsewhere, medical conglomerate Lakah Group fell limit down with more than 2.8 million asks failing to attract investors after the company defaulted on its Eurobond coupon. Gainers were found in the milling sector, as East Delta Mills, North Cairo Mills and Central Egypt Mills rose 1.37 percent, 1.03 percent and 0.98 percent, respectively.  

 

Prime Securities S.A.E.  

© 2001 Mena Report (www.menareport.com)

You may also like