CAIRO, Dec 25 (Reuters) - Egypt's main stock indexes edged higher on low volumes for the second day in a row, with foreign investors waning ahead of the year-end holidays, traders said.
The benchmark CASE 30 index ended 0.60 percent higher at 4,357.96 points and the rival Hermes index edged up 0.73 percent to 408.66 points. The broad-based CIBC index added 1.76 percent to 283.9 points.
"There is a lack of leadership in the market," said Moataz Shawky, a trader at Beltone Financial in Cairo. "Volumes are dismal as well."
Regional mobile phone operator and market mainstay Orascom Telecom rose 0.78 percent to last trade at 28.25 Egyptian pounds ($5.11) a share. Commercial International Bank (CIB) also rose 1.19 percent to 34.85 pounds.
EFG-Hermes, Egypt's largest investment bank, fell 4.38 percent to 16.16 pounds a share.
"There was no news on the stock but it was driven down by local retailers. Some of them apparently wanted to square their positions at the end of the year," said Kraim Hosny of Pharos Securities. ($1 = 5.52 Egyptian pounds) (Writing by Alaa Shahine)