3 February 2013

Egypt: ESE Ignores Violence, Begins Dealings On Collective Rise

Egyptian Stock Exchange (ESE) indexes ignore all the negative expectations for its performance after the recent political unrest and witness Sunday morning collective rise which is driven by purchases of Arab and foreign investors, while Egyptians tend towards selling.

"EGX 30" index rose by 0.98%, "EGX 20" index rose by 1.1%, and "EGX 70" of small and medium enterprises by 0.79%, while "EGX 100" is up wider by 0.73%.

Orascom Telecom shares have risen today morning by 0.90%, the Kala'a by 0.77%, Amer Group by 1.6%, Hermes by 1.4%, SODIC by 1.9%, Commercial International Bank by 2%, Talaat Moustafa by 3.3%, and Ezz Iron by 2.3%.

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