Saturday, April 5, 2008

CASE30 grows 2.29% to end a good week (3 Apr. 2008)

CASE30 grows 2.29% to end a good week (3 Apr. 2008)


The CASE30 grew 2.29% to end the week at 11,372 points. The CASE30 had a relatively good week, but suffered a 1.16% drop in Thursday's trading session.

The telecom sector saw gains this week. OTH ended the week at LE 76.07 per share with a growth of 3.40%. Telecom Egypt advanced a major 2.38% to close at LE 20.65 per share. Mobinil saw a 0.82% increase to close at LE 201.59 per share.

The housing, real estate, and construction sectors witnessed gains this week as well. Nasr City Housing saw an increase of 6.66% and had a final price of LE 72.73 per share. OCI grew 5.05% to close at LE 408.08 per share.


In steel , Al Ezz Steel Rebars saw a nice week that ended with an increase of 5.54% to end trading at LE 91.28/share. Egyptian Electrical Cables saw a big increase of 17.43%, and ended the week at a price of LE 2.83 per share.

As for the financial sector, CIB had a price rise of 2.11% to end the week at LE 89.39 per share. EFG-Hermes Holding saw a 0.54% gain to close at LE 56.17 per share.

In the travel and leisure sector, Egyptian Resorts Company grew 0.60% to end today's session at LE 8.45 per share. OHD rose by 1.05% to close at LE 87.95 per share. .

The textile sector was torn between loss and gain this week, as Arab Polvara Spinning & Weaving saw an amazing rise this week, jumping up 12.49% to close at LE 12.52 per share. Nile Cotton Ginning stock's fell hard with a decrease of 7.13% with a stock price of LE 29.84 per share.