(19 Apr 2015) EGYPT MARKETS
SOURCE: AP TELEVISION
RESTRICTIONS: MIDDLE EAST EXTRA CLIENTS ONLY
LENGTH: 1:37
AP Television
Cairo, Egypt - 19 April 2015
1. Wide of trading floor
2. Screen showing trading
3. Close of screen showing trading stocks
4. Various of brokers working
5. SOUNDBITE: (Arabic) Nagla Farrag, Trader:
"At this week's first session, the EGX-30 lost 18 points at opening and continued losing to reach fifty points."
6. Screen showing stocks trading
7. SOUNDBITE: (Arabic) Nagla Farrag, Trader:
"The volume of trading today was less than average in various industries, sectors of the economy. I would say that there is no news that can boost the market, we are expecting flat trading today as the EGX-30 has reached 8,886 (points) and the resistance is between 8,900 and 8,700 points. We expect that the market will continue to follow a period of flat and for the rest of this week we feel that there could be more of a decline if the market doesn't have enough investment in the coming days."
8. Exterior of Egyptian Stock Exchange
LEADIN:
Egypt's markets have dipped at the start of the week's trading, losing 1.37 percent by the day's close.
Analysts are warning that the market could continue to decline without new investments in the coming weeks.
STORYLINE:
Opening at 8,886 points, Egypt's benchmark index, the EGX-30, has fallen slowly throughout the day.
It has closed at 8,765, a loss of 1.37 percent.
Trader Nagla Farrag says she expects the market to continue to plateau, or even fall, in the coming days.
"We expect that the market will continue to follow a period of flat and for the rest of this week we feel that there could be more of a decline if the market doesn't have enough investment in the coming days."
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