Egyptian stock alert
CLOSING UPDATE: Global Telecom Holding in 2nd consecutive fall, nears a 30-month low 14 June 2018 15:07 EET
NEWS BITES - MIDDLE EAST & NORTH AFRICA
This is an end of day Alert, produced after today's Egyptian market close. It concludes the BSS News Bites intra-day Alert series (summaries below).
Global Telecom Holding, Egypt's 2nd largest telecommunication company by market capitalisation, slipped further on Thursday, sliding an additional 7.0 qirsh (or 1.6%) to trade at LE4.18. The stock decreased 0.93% on Wednesday bringing its 2-day fall to 2.6%. It is now approaching its 634-day low of LE4.07. Compared with the EGX 30 Index which rose 42.6 points (or 0.3%) in the day, this represented a relative price change of -1.9%.
Afternoon Alert: Global Telecom Holding down 3.3% in 2 days
14 June 2018 12:11 EET
Global Telecom Holding SAE (CA:GTHE) extended its slide on Thursday, shedding an additional 10.0 qirsh (or 2.4%) to trade at LE4.15. Trading volume was 1.4 times average so far today.
Global Telecom Holding SAE (CA:GTHE; CAI:GTHE; EY:GTHE)