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Article: Blue chips push up index, OCI advances.
- Article from:
- Daily News Egypt (Egypt)
- Article date:
- October 15, 2009
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CAIRO: Egypt's main stock index was up 1.1 percent, led by foreign buying in blue chips such as Orascom Construction Industries, which advanced 1.9 percent, and El Sewedy Cables, which advanced 0.1 percent.
"There has been lots of buying this week. Blue chips in general are up. Some companies' news has been a catalyst, but today's performance is just a continuation of the past couple of days," said Mohamed Helmy, head of foreign sales at HC Securities.
Telecom Egypt's launch this week of a fiber optics network, El Sewedy Cables' ...