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

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


The “EGX30” index rose by 0.27% to reach the level of 10373 points, and the “EGX50” index rose by 0.42% to reach the level of 2188 points, and the “EGX30” weighted index jumped by 0.07% to reach the level of 12,942 points. The "EGX30" total return index increased by 0.19% to reach the level of 4,041 points.


The index of medium and small companies "EGX70 of equal weights" rose by 0.92% to reach the level of 2373 points, and the "EGX100 index of equal weights" rose by 0.69% to reach the level of 3339 points, and the Excellence Index increased by 0.61% to reach the level of 2432 points.


In a related context, the Egyptian Stock Exchange announced the suspension of trading on 16 shares for a period of 10 minutes, for exceeding the 5% up or down during today's trading session, and they are; Misr Cement-Qena, Oden Financial Investments, Gulf Canadian Arab Real Estate Investment, Ismailia National Food Industries (Fodeco), Egyptian Building Industry Development (Lift Slab Misr), General for Land Reclamation, Development and Reconstruction, Islamic Western for Urban Development, Arab for Land Reclamation, General for Reclamation Land, Development and Construction, Education for Management Services, International for Agricultural Crops, Development for Real Estate Investment, Architectural Industries for Construction and Development - Icon, AcroMisr for Formwork and Metal Scaffolding, Arabia for Land Reclamation, Arab Forum for Investments.


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 Gulf-Canadian Arab Real Estate Investment, the Egyptian Real Estate Group, Al-Obour Real Estate Investment, and Arab Rocks for Plastic Industries Marseilia, the Egyptian Gulf for Real Estate Investment, 8.5 million shares, 4446 shares, 1.3 million shares, 1000 shares, 31,223 shares and 100 thousand shares, respectively. A group linked to Sidi Kerir Petrochemical Company sold one million shares, and a major shareholder in Nozha International Hospital Company sold 15,379. Arrow.


While the board of directors of my Egyptian company for the development of the construction industry (Lift Slab Egypt), the Gulf-Canadian for Arab Real Estate Investment, bought 3 million shares and 10,000 shares, respectively, and a group linked to my Arab Company for Engineering Industries bought 1.3 million shares, and a major shareholder in the same company bought 350. thousand shares.


Meanwhile, Cleopatra Hospitals Group Company announced that the company had purchased 2.85 million treasury shares during today's trading session.


The Gulf Canadian Company for Arab Real Estate Investment announced that the Egyptian Arab Land Bank sold 157.9 thousand shares at a price of 60.189 pounds, with a total value of 9.5 million pounds, decreasing its contribution from 3.28% to 0.123%. The deal was executed through Osoul Securities Brokerage Company.


In a separate context, the EGX management announced that Madinet Nasr Housing and Development Company presents documents for listing shares to increase the issued and paid-in capital from 1.44 billion pounds to 1.497 billion pounds, an increase of 57.6 million pounds distributed over 57.6 million shares distributed as free shares, financing from the shareholders’ share in the profits According to the company’s financial statements on December 31, 2020, as well as the amendment of the company’s legal domicile, noting that the documents submitted by the company are being examined in preparation for submission to the Listing Committee.


In another context, the management of the Egyptian Stock Exchange announced that the date for holding the elections of the Board of Directors of the Egyptian Stock Exchange to be held on Wednesday, corresponding to July 14, at the headquarters of the Misr Information Dissemination Company, in light of the end of a committee receiving and examining candidacy applications from its work and announcing the list of accepted candidates with their candidacy papers in accordance with the provisions of the decision Minister of Investment and International Cooperation No. 95 of 2017, and to facilitate those elected to cast their votes.


Meanwhile, the Financial Supervisory Authority announced the filing of a request to amend the price of the announcement of the compulsory purchase offer submitted by Compass Capital for Financial Investments to purchase up to 5.2 million shares, 100% of the capital of Alexandria National Financial Investment Company, bringing the price to 6.12 pounds per share instead of 5.72 pounds per share. The application is being studied by the Authority in accordance with the provisions of Chapter Twelve of the Executive Regulations of the Capital Market Law No. 95 of 1992.