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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 Sunday's trading session, the beginning of the week's sessions, driven by purchases from Egyptian dealers, while Arab and foreign transactions tended to sell.

 

The "EGX30" index rose by 0.65% to reach the level of 10,629 points, and the "EGX50" index rose by 0.61% to reach the level of 2,228 points, and the "EGX30" index of specific weights jumped by 0.39% to reach the level of 13030 points, The "EGX30" total return index increased by 0.69% to reach the level of 4150 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 1.5% to reach the level of 2512 points, and the "EGX100 index of equal weights" rose by 1.24% to reach the level of 3471 points, and the index of excellence increased by 1.31% to reach the level of 3002 points.

 

In a related context, the Egyptian Stock Exchange announced the suspension of trading on 28 shares for a period of 10 minutes, for exceeding the 5% up or down rate during today's trading session, and they are; North Cairo Mills and Bakeries, Delta Sugar, Egypt Gas, Arab Aluminum, Canal Shipping Agencies, Zahraa El Maadi for Investment and Development, Misr Beni Suef Cement, Arabia for Engineering Industries, Housing and Development Bank, Ajwaa Food Industries - Egypt, Pioneers Tourism - Pioneers, Prime Holding for Investments Finance, Al-Tawfeek Leasing-ATL, Ismailia National Food Industries (FODECO), Real Estate for National Development Banks, Sharm Dreams for Tourism Investment, New Ismailia for Development and Urban Development-divided company, Sharkia National Food Security, Pyramisa Hotels and Tourist Villages-Pyramisa , Misr Aluminum.

 

The trading of shares has also been suspended; Misr Hotels, Alexandria Mineral Oils - AMOC, Arab Ceramics - Remas Ceramics, Sinai Cement, ASEC Mining - Ascom, Islamic Western Urban Development, El Nasr Civil Works Company, Orouba Securities Brokerage.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session last Thursday, as the board of directors of Zahraa El Maadi for Investment and Development, Cairo Housing and Development, the Egyptian Real Estate Group, El Obour Real Estate Investment, Raya Holding for Financial Investments, Pioneers of Tourism - Pioneers, Arab Rocks for Plastic Industries 100 thousand shares, 425 thousand shares, 4.3 million shares, 1000 shares, 50 thousand shares, 900 thousand shares, and one million shares, respectively. A major shareholder in Delta Construction and Development, Egyptian Real Estate Group, Egyptian Tourist Resorts, also sold 74126 shares, 1.15 million shares, 200 thousand shares, respectively.

 

A group linked to the two companies, Rowad Tourism - Rowad, Fawry for Banking Technology and Electronic Payments, sold 900 thousand shares and 200 thousand shares, respectively, while the Board of Directors of Arab Companies for Engineering Industries, Naeem Holding for Investments, Porto Holding Group - Porto Group, bought 163 thousand shares. , 75 thousand shares, 2.5 million shares, respectively, and a major shareholder in North Cairo Flour Mills and Bakeries Company bought 3 thousand shares.

 

Cleopatra Hospitals Group also announced the purchase of 1.7 million treasury shares during today's trading session.

 

In another context, Heliopolis Housing and Development Company announced the postponement of the date for submitting financial and technical offers for the partnership to develop the Heliopark project until Tuesday, August 10, instead of July 27.

 

Meanwhile, the Sixth of October Development and Investment Company-SODIC announced an agreement with the New Urban Communities Authority to modify the company’s land site with the expansion of Sheikh Zayed City, after the spatial changes that occurred next to the project plot, which will affect the company’s project located on that land, in order to avoid any interference In a manner that ensures the preservation of the special nature of the project, its components and the established format, and the maximum benefit from those variables, and that the proposed site of the land will be presented to the Board of Directors of the Authority

 

Meanwhile, the Giza General Contracting and Real Estate Investment Company announced that it had received an initial letter of endorsement last Thursday, for its alliance with a contracting company regarding infrastructure works in Sheikh Zayed City, at a value of 500 million pounds.

 

In a separate context, the Financial Supervisory Authority announced the end of the suspension of 3 companies, namely United Management Services in the field of investment, Investia for venture capital, and Capital Intelligence Egypt for credit rating.

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