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The Egyptian Stock Exchange continues to rise in the middle of trading, driven by local purchases


The Egyptian stock exchange indices continued to rise in the middle of today's trading session, driven by purchases from Egyptian dealers, while Arab and foreign transactions tended to sell.

 

The "EGX30" index rose by 1.85% to reach the level of 10,624 points, the "EGX50" index rose by 1.96% to reach the level of 2,204 points, and the "EGX30" index of weights rose by 1.9% to reach the level of 13,076 points. The "EGX30" total return index increased by 1.29% to reach the level of 4,141 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 2.07% to reach the level of 2423 points, and the "EGX100 index of equal weights" rose by 1.87% to reach the level of 3383 points, and the index of excellence increased by 2.92% to reach the level of 2887 points.

 

In a related context, the Egyptian Stock Exchange announced the suspension of trading on 21 shares for a period of 10 minutes, for exceeding the 5% up or down during today's trading session, and they are; Misr Gas, Atlas Investment and Food Industries, Zahraa El Maadi for Investment and Development, Masria for Touristic Resorts, Delta for Printing and Packaging, Misr for Oils and Soap, Fawry for Banking Technology and Electronic Payments, Oden for Financial Investments, Arabia for Engineering Industries, Mansoura for Poultry, Iron and Steel for Mines and Quarries, Golden Tex for Wool Canadian Gulf Arab Real Estate Investment, Arab Aluminum, Islamic Western Urban Development, Ajwa Food Industries - Egypt, Misr Beni Suef Cement, Rubex International for Plastic and Acrylic Manufacturing, Paints and Chemical Industries - Pachin, Misr Cement - Qena, El Nasr Civil Works Company.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session yesterday, as the Board of Directors of the Egyptian Companies for the Development of the Construction Industry (Lift Slab Egypt), the Egyptian Real Estate Group, Al-Obour Real Estate Investment, the Porto Holding Group - Porto Group, and Sharm Dreams Investment Tourist, Al Shams Pyramids Hotels and Tourist Facilities, 3.5 million shares, 2.32 million shares, 300 shares, 5.8 million shares, 50 thousand shares, 17 million shares, respectively, and a group linked to the global Rubex plastic and acrylic manufacturing company sold Al Shams Pyramids for Hotels and Tourist Facilities , 10 thousand shares, 5.2 million shares, respectively.

 

While the board of directors of Nile Pharmaceuticals and Chemical Industries-Nile, Egyptian Real Estate Group, Naeem Holding for Investments, Porto Holding Group-Porto Group, bought 1258 shares, 3.9 million shares, 50 thousand shares, 2.5 million shares, respectively, and a major shareholder in my company bought North Cairo Mills and Bakeries, Nozha International Hospital 1000 shares, 9 shares, respectively, and a group affiliated with the Shams Pyramids Company for Hotels and Tourist Facilities bought 22.2 million shares.

 

Cleopatra Hospitals Group also announced the purchase of 1.5 million treasury shares during today's trading session.

 

Separately, Fawry announced its investment in a minority stake in Elmenus, as part of the company's efforts to establish strategic partnerships with technology companies with promising growth opportunities.

 

In another context, the Arab Company for Dairy Products "Arab Dairy-Panda" announced the approval of the Board of Directors to increase the issued and paid-in capital from 160 million pounds to 290 million pounds, an increase of 130 million pounds distributed over 130 million shares at a nominal value of 1 pounds per share. The increase is 81.25% of the value of the current capital. The increase is allocated to the old shareholders, each in proportion to his share in the capital. The value of the issued and paid-up capital increase is paid in cash and/or from the credit balances due to the old shareholders.

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