Egyptian stocks ended mixed on Monday amid signs that last week's correction had ended and the market was stabilising, brokers said. Egyptian retail investors dominated trade and volume was relatively low in the big-cap stocks, including telecoms. The benchmark Hermes index, which last month touched a record high above 40,000 points, fell 0.1 percent to 34,518.18 points. The broader CIBC index ended 1.0 percent higher at 143.16 points. "We saw the bottom last week and now the market is looking for its seat. It's a case of finding news that takes it higher again," said Bassim Arida of CIBC Brokerage. "The whole market is rebounding after the sell-off," added Chahir Hessni of Delta Securities. Investment bank EFG-Hermes was the most active stock and rose 5 percent to last trade at 27.22 Egyptian pounds ($4.69) on speculation that it would report strong first-quarter 2005 results, probably in about a month, brokers said. --More 1805 Local Time 1505 GMT
