MARKET TALK: Egypt's EGX 30 Index Trades Up 0.8%; OTH Up 1.8%

Monday, Nov 16, 2009

0937 GMT [Zawya Dow Jones]--Egypt's benchmark EGX 30 index trades up 0.8% at 6,699. "Rising Asian markets and US futures moving north might hold up the market's main gauge Monday moving initially towards 6,700 points. However, weakness might be evident later in the session taking the gauge towards 6,600 points (-0.7%)," says Ahmed Waheed, Senior Equity Trader at Naeem Brokerage. Orascom Telecom Holding, or OTH, trades up 2.3% at EGP35.73 and Orascom Construction Industries, or OCI, trades 1.8% higher at EGP243.39. (SKG).

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16-11-09 0937GMT