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Stock Exchange news today, Tuesday, 12-29-2020



The news of the Egyptian Stock Exchange varied during the trading session today, Tuesday 12-29-2020, the most prominent of which was the end of the Egyptian Stock Exchange trading session today, Tuesday, midway through the week’s sessions, with a collective increase in the indices, for the second consecutive session, driven by buying operations from Egyptian and Arab dealers, amid trading volumes The market capital gained about 3.1 billion pounds, to close at 642.166 billion pounds.

 

Suspension of trading of 16 companies

The Egyptian Stock Exchange announced the suspension of trading on the shares of 16 companies, for a period of 10 minutes, for exceeding the 5%, up or down, during the trading session today, Tuesday, and they are Egypt for Fertilizer Production - MOPCO, New Ismailia for Development and Urban Development, Assets for Securities Brokerage, B Investments Holding Al-Nozha International Hospital, Suez Canal for Technology Settling, Public Land Reclamation, Wadi International Investment and Development, Ismailia Egypt Poultry, Sharkia National Food Security, Arab Dairy Products "Arab Dairy-Panda", Wadi Kom Ombo for Land Reclamation, General Porcelain and Chinese Products, Iron Ezz, United for Housing and Development, Aluminum Arabia.

 

The stock exchange profits 3.1 billion pounds

The Egyptian Stock Exchange ended the trading session today, Tuesday, the middle of the week’s sessions, with a collective increase in the indices, for the second consecutive session, driven by buying operations from Egyptian and Arab dealers, amid high trading volumes, and the market capital gained about 3.1 billion pounds, to close at 642.166 billion pounds.

 

The volume of shares traded reached 623.1 million securities, worth 1.9 billion pounds, through the implementation of 42.5 thousand transactions for 186 companies, and Egyptian transactions recorded 60.55% of the total transactions, while foreigners accounted for 3.75%, and Arabs 35.7% during today's trading session. Institutions received 50.53% of the transactions on the stock exchange, and the rest of the transactions were for individuals, at 49.46%.

  

The net transactions of Egyptian and Arab individuals and Arab institutions tended for sale at a value of EGP 13.7 million, EGP 6.1 million, and EGP 4.2 million, respectively, while the net transactions of foreign individuals and Egyptian and foreign institutions tended to buy with a value of EGP 1.5 million, EGP 14 million, and EGP 8.5 million, respectively. .

 

The "EGX 30" index rose by 0.73% to close at 10736 points, the "EGX 50" index rose 1.61% to close at 2,193 points, and the "EGX 30 index of determinant weights" jumped 1.15% to close at 13072 points, The EGX 30 overall return index increased by 1.36%, to close at 4161 points.

 

 

The index of small and medium-sized companies "EGX 70 is equal weights" increased by 1.01% to close at 2082 points, and the EGX 100 index of equal weights rose by 1.09% to close at 3018 points, and the Nile Stock Exchange index fell by 0.46% to close at the level of 1050 points.

 

Shares of 101 companies listed on the stock exchange rose at the end of trading, shares of 46 companies declined, and the levels of 39 companies did not change.

 

Insider dealings

The dealings of insiders and the main shareholders and their associated groups varied during a trading session yesterday, Monday, as a group linked to Delta Construction and Development, the Egyptian Building Industry Development Company (Lift Slab Egypt), Al-Ahram Printing and Packaging, Oriental Carpet Weavers, Al-Ezz Internal Steel-Alexandria, sold 11.6 thousand shares 100 thousand shares, 12 thousand shares, 12.4 thousand shares, 2301 shares, respectively. The Board of Directors of the Egyptian Real Estate Group Company, Egypt for Fertilizer Production - MOPCO sold 7.6 million shares, 59.6 million shares, respectively.

 

While the board of directors of my Egyptian company for the development of the construction industry (Lift Slab Egypt), Misr Oils and Soapon bought 340,000 shares, 2,000 shares, respectively, and a major shareholder of Alexandria Mills and Bakeries Company bought 4,000 shares.

 

Pioneers

The EGX management also announced the implementation of deals, through the mechanism of large-scale deals (BLOCK TRADING), on the shares of the United Kingdom Holding Company for Financial Investments, for 175.6 million shares, with a total value of EGP 702.4 million.

 

Deals

The Egyptian Saudi Insurance House Company raised its share in the capital of the Egyptian Real Estate Group Company from 12.95% to 18.45%, after it bought 2.2 million shares in the group at a price of 9.15 pounds with a total value of 20.1 million pounds.

 

The National Bank of Egypt, with the Egyptian Real Estate Group Company, sold 7.6 million shares at a price of 9.15 pounds per share, with a total value of 69.3 million pounds, to reduce its stake in the company from 27.83% to 8.89%.

 

The ownership of Abdul Qadir Al Muheeb Holding Company’s share in Pioneers Holding Company for Financial Investments, amounting to 14.38, was transferred to Abdul Qadir Al Muheeb and Sons Company, with 147.5 million shares at a price of 4 pounds per share, with a total value of 590 million pounds, bringing its share to 14.38%.


Talaat Mostafa

Talaat Moustafa Group Holding said that the company's board of directors held a meeting on Monday, and the board decided to approve the previous board meeting, which was held on 11 November, and approve the restructuring of the Audit and Governance Committee and the Remuneration and Nominations Committee.

 

According to the company’s statement, to the Egyptian Stock Exchange, today, Tuesday, the Audit and Governance Committee included Dr. Hani Salah Seri El-Din, Chairman of the Committee, and both Hossam Mohamed Hilal and Mohamed Abdel Aziz Al-Toukhi as members. The Remuneration and Nominations Committee included Hossam Mohamed Hilal as Chairman of the Committee, and both Mohamed Shawki Al-Sayed, Hani Salah Seri El-Din are members of the committee.

 

Mobco

Misr Fertilizer Production Company-MOPCO announced the results of the company's board of directors meeting, Monday, and the board agreed to accept the resignation of representatives of Agrium Egyptian Holdings, namely Gregory McGillon, Farouk Saleh Nasser, Ashraf Ezz El Din Mohamed Hussein, and accepting the membership of representatives of the Ministry of Finance, who are Ahmed Ashraf Ali Kajok, Sherine Hamid Muhammad al-Sharqawi, Abdel Halim Muhammad Ibrahim Omar, this came after the settlement of the MOPCO crisis, and the financial purchase of Agrium’s share for 2.9 billion pounds.

 

Sir Kerrier

The Financial Supervisory Authority agreed to publish the disclosure report for Sidi Kerir Petrochemical Company regarding the decision of the Board of Directors held on December 2, 2020, regarding the approval of the invitation to the Ordinary General Assembly to consider amending Article 3 of the Company's Articles of Association, related to amending the company's purpose.

 

The company stated, in a statement to the Egyptian Stock Exchange, today, Tuesday, that the amendment comes to take advantage of the low global gas prices, diversify the company's sources, and find alternatives to increase the company's profitability and improve its economic situation in light of the sharp decline in the prices of its products.

 

Financial Supervision

The Financial Supervisory Authority announced that it had no initial objection to the Financial Group Company Hermes for Sukuk taking the necessary measures to issue Ijarah Sukuk compliant with the provisions of Islamic Sharia, for the benefit of Cairo Investment and Real Estate Development Company, negotiable and non-transferable to shares and subject to early consumption, offering a special offer for subscription 100% for financial institutions eligible for investment and net worth individuals with a nominal value of 100 pounds per instrument, and a total value of 600 million pounds.

 

The sukuk are listed on the Egyptian Stock Exchange for a period of 82 months starting from the day following the closing date of the subscription door, and they are issued in one issuance, provided that the proceeds of the sukuk subscription are transferred in favor of the Cairo Investment and Real Estate Development Company, as the beneficiary company, in exchange for the sale of the assets subject to verification.

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