CAIRO: Stocks were flat on Monday in the absence of major news to move the market during the month of Ramadan. The real estate sector secured some gains, led by Orascom Hotels and Development (OHD), which announced it had won Swiss government approval for a resort complex in the Swiss village of Andermatt. Shares in OHD rose 3.9 percent to last trade at LE 34.85 ($6.07). Medinet Nasr Housing shares also rose, gaining 1.4 percent to end at LE 89, and Sixth of October Development and Investment rose 1.9 percent to last trade at LE 116. Retail investor favorite investment bank EFG-Hermes, the day s most heavily traded share by turnover, fell 0.3 percent to last trade at LE 41.45. The Hermes index ended 0.4 percent higher at 55,953.16 points and the Case 30 index was 0.2 percent higher at 6,311.56 points. The broader CIBC-100 index rose 0.8 percent to 260.70 points. Reuters
Stocks flat in Ramadan lull
