Mixed early week trading session for Cairo bourse

Published August 29th, 2001 - 02:00 GMT

Market performance was mixed on Monday, August 27, with a slow start that gained momentum later in the day, only to fade out once again in the last half-hour of official daily trading. However the market did manage to close up, with the PAMI index advancing 0.94 percent up to 6,141 points.  

 

Abu-Kier initiated the day’s upward wave, executing approximately 100 thousand shares, while gaining 3.85 percent. In terms of the cement sector, Helwan Cement commanded the day’s top stocks by value, trading LE5.6 million worth of shares and gaining 0.74 percent to end at LE32.39, on the back of rumors that the company will soon be receiving a bid for its 48 percent government held stake sale. 

 

Suez Cement appeared to follow suit and recorded the day’s 3 rd highest trading value, managing to advance 0.92 percent. Penny stocks lead volumes, with over 8 million Lakah shares, traded to close at LE0.3, down 3.23 percent.  

 

Market bellwether ECMS leaped up again into the top 5 by value, having totally faded the day before, trading 59 thousand shares worth LE2.4 million, with the share advancing 1.58 percent to close at LE53.96.  

 

Prime Securities S.A.E.  

© 2001 Mena Report (www.menareport.com)

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