Three stocks advised to be purchased, EGX fell on Thursday

Thursday 05 July 2018 08:26 PM

Egyptian Stock Exchange
Egyptian Stock Exchange

By Asmaa El-Sayed
Al-Naeem Research Unit recommended the purchase of three stocks listed on the Egyptian Stocks Exchange.
 Golden Coast, among the three stocks, is targeting  EGP8.60 level, El-Ahram Printing & Packaging targeting EGP9.50 then EGP10.20 and finally United Housing Real Estate Investment targetng  EGP5.60 then EGP6.30.
The Egyptian Stock Exchange ended Thursday's trades on a down note amid heavy sell-offs led by foreigners.
EGX30 fell by 1.13% to 16125pts, EGX70 by 0.47% to 800pts, the broader EGX100  0.65% to 2034pts, EGX50 by 0.90%, and EGX20 by 1.32% to 16205pts.
Stocks trades amounted to EGP1.1bn, as Egyptian institutions, Egyptian, Arab and foreign investors bought stocks worth EGP102.5mln, EGP41.8mln, EGP44.5mln, and EGP8mln respectively.
Arab and foreign institutions sold stocks worth EGP10.1mln and EGP186.8mln respectively.
Stock ended trades on red, as 47, out of a total of 175, rose, 88 fell and 40 remained unchanged.