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The main index of the stock market fell in the middle of trading, under pressure from the decline in leading shares

The performance of the Egyptian Stock Exchange indices varied, in the middle of today’s trading session, as the main index declined under the pressure of falling leading shares, led by the Commercial International Bank, Palm Hills Development, El Sewedy Electric, Talaat Moustafa Holding Group, Oriental Carpet Weavers, Citadel Financial Consulting, Fawry for Banking Technology and Payments Electronics, Ezz Steel, Emaar Misr for Development, while the EGX70 and EGX100 indices rose amid foreign sales.


The "EGX30" index declined by 0.55% to reach the level of 10,686 points, and the "EGX50" index rose by 0.12% to reach the level of 2268 points, and the "EGX30" index of specific weights decreased by 0.51% to reach the level of 13126 points, The "EGX30" total return index fell by 0.59% to reach the level of 4,171 points.


While the index of medium and small companies "EGX70 of equal weights" rose by 0.58% to reach the level of 2588 points, and the "EGX100 index of equal weights" rose by 0.29% to reach the level of 3557 points, and the index of excellence increased by 0.41% to reach the level of 3084 points.


In a related context, the Egyptian Stock Exchange announced the suspension of trading on 18 shares for a period of 10 minutes, for exceeding the 5%, up or down, during today's trading session, and they are; General for Paper Industry - Rakta, Misr Aluminum, International for Investment and Development, Ismailia Misr Poultry, Rubex International for Plastic and Acrylic Manufacturing, Sharm Dreams for Touristic Investment, Arabia for Engineering Industries, Alexandria for Container and Cargo Handling, ASEC Mining - Ascom, Ajwaa for Food Industries - Egypt, Delta Sugar , Golden Coast Sokhna for Tourism Investment, Amer Holding Group - Amer Group, Construction and Engineering Consultations, Real Estate for National Development Banks, Housing and Development Bank, National Bank of Kuwait - Egypt, Misr Cement - Qena.


In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session yesterday, Sunday, as the board of directors of Delta Construction and Development Companies sold the Egyptian for Building Industry Development (Lift Slab Egypt), the Sharkia National Food Security, Alexandria Mineral Oils, the Egyptian Real Estate Group, and the Egyptian Real Estate Group. Porto Holding - Porto Group, Sharm Dreams for Tourism Investment, Marseilia Egyptian Gulf Real Estate Investment, 270.8 thousand shares, 2 million shares, 522.5 thousand shares, 133.8 thousand shares, 2.5 million shares, 10.4 million shares, 100 thousand shares, 500 thousand shares, on Consecutively, a group linked to real estate investment development companies, Rubex International for Plastic and Acrylic Manufacturing, Maritime and Petroleum Services - Maridive, sold 10,000 shares and 250,000 shares, respectively, and a major shareholder in the Egyptian Real Estate Group sold 1.2 million shares.


While the board of directors of the two Egyptian Real Estate Group companies, International for Medical Industries-EKME, bought 1.6 million shares and 5,000 shares, respectively, and a major shareholder in my Egyptian Company for Touristic Resorts, Nozha International Hospital bought 1.5 million shares, 6287 shares, respectively, and a group bought Associated with Architectural Engineering Industries for Construction and Development - ICON 50 thousand shares.


Cleopatra Hospitals Group also announced the purchase of 500,000 treasury shares during today's trading session.


Rowad Tourism Company-Rowad announced that shareholder Hashem Hussein Atta Ghoneim purchased 110 thousand shares, bringing his shareholding percentage from 4.367% to 5.002% at a price of EGP 53.498, with a total of EGP 5.9 million. The deal was executed through Arqaam Securities Brokerage Company.


In another context, the Egyptian Stock Exchange announced, the Arab Banking Corporation offered to purchase up to 300 million shares, which represents up to 100% of the capital of BLOM Bank Egypt at 22.33 pounds per share, (the execution and settlement currency is equivalent to 1.42 US dollars per share) within 10 working days starting from The day following the date of publishing the announcement of the purchase offer until the end of the trading session on August 5, and implementation will take place on the Egyptian Stock Exchange within 5 working days after the expiry of the offer period.