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The main index of the Egyptian Stock Exchange fell in the middle of trading, under pressure from the decline in leading shares

The Egyptian stock exchange indices varied, in the middle of Monday’s trading session, as the main index declined under pressure from the decline in leading shares, led by the Commercial International Bank, Fawry for Banking Technology and Electronic Payments, Orascom Financial Holding, Ibn Sina Pharma, and Sixth of October Development and Investment (SODIC), while it rose The EGX70 and EGX100 indices, amid the sales of Arab and foreign dealers, while the Egyptians' dealings tended to buy.


The EGX30 index declined by 0.07% to reach the level of 10115 points, and the “EGX50” index rose by 0.94% to reach the level of 2258 points, and the “EGX30 Index of Weights” jumped by 0.36% to reach the level of 12,624 points. The "EGX30" total return index decreased by 0.2% to reach the level of 3939 points.


The index of medium and small companies "EGX70 of equal weights" rose by 0.45% to reach the level of 2381 points, and the "EGX100 index of equal weights" rose by 0.57% to reach the level of 3,323 points, and the Nile Stock Exchange index increased by 0.93% to reach the level of 3,323 points. Level 1259 points.


In a related context, the Egyptian Stock Exchange announced the suspension of trading on 12 shares for a period of 10 minutes, for exceeding the 5%, up or down, during today's trading session, and they are; Atlas Investment and Food Industries, Golden Coast Sokhna for Tourism Investment, Iron and Steel for Mines and Quarries, Ajwaa for Food Industries - Egypt, El Ezz Ceramic and Porcelain - El-Gawhara, General Paper Industry - Rakta, Sinai Cement, GlaxoSmithKline, Egyptian Real Estate Group, Gulf Canadian Arab Real Estate Investment, Suez Canal Bank is an Egyptian joint stock company, Pyramisa Hotels and Tourist Villages - Pyramisa.


The Egyptian Stock Exchange also announced the implementation of deals through the BLOCK TRADING mechanism on the shares of Ezz Steel for 181.5 million shares, with a total value of 1.7 billion pounds.


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 Delta Construction and Development Companies, Oriental Carpet Weavers, Egyptian Kuwaiti Holding, Naeem Holding for Investments, bought 104480 shares, 1.2 million shares, 67,554 shares, 500 thousand. Shares, respectively, and a group linked to the National Development Banks Real Estate Company bought 30.5 thousand shares.


In a separate context, Arafa Investments and Consulting announced the results of the financial year 2020/2021. The company achieved net sales of $116.8 million, an annual decrease of 48.1%, and net losses for the year amounted to EGP 6.4 million, an annual decline of 1.4 times.


In another context, the Board of Directors of the Financial Supervisory Authority issued Resolution No. (88) for the year 2021, banning Al-Orouba Securities Brokerage Company from practicing its activities for a period of 6 months or until the violations attributed to it are removed, whichever is sooner, in accordance with Clause (B) of Article No. ( 31) of the Capital Market Law No. 95 of 1992.