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The Egyptian Stock Exchange continues to rise in mid-trading, driven by local and foreign purchases



The Egyptian stock market indexes continued to rise in the middle of trading on Wednesday’s session, driven by purchases from Egyptian and foreign dealers, while Arab dealings tended to sell.

 

The EGX 30 index rose by 0.59% to reach the level of 11514 points, the EGX50 index rose by 1.47% to reach the level of 2417 points, and the EGX 30 index of determining weights jumped by 0.75% to reach the level of 14195. EGX30 overall return index, by 0.52%, to reach the level of 4425 points.

 

The index of medium and small companies "EGX 70 is equal weight" increased by 1.92% to reach the level of 2436 points, and the "EGX 100 is equal weight index" rose by 1.54% to reach the level of 3469 points, and the Nile Stock Exchange index increased by 1.01% to reach the level of The level of 1154 points.

 

In a related context, the Egyptian Stock Exchange Administration announced the suspension of trading on 21 stocks for a period of 10 minutes because they exceeded the 5%, up or down, during the trading session today, Wednesday, and they are; Speed ​​Medical, Arabia for Ceramics - Ceramica Remas, Arabia Investments Holding, Raya Holding for Financial Investments, Egyptian Poultry, General Paper Industry - Rakta, Ismailia National Food Industries - Foodico, International Investment and Development, Aluminum Arabia, Nozha International Hospital, Egyptian Iron and Steel, Glaxo Smithkline, Dice Readymade Garments, General Land Reclamation, Development and Reconstruction, General Porcelain and Chinese Products, Extracted Oils and Products, Rubex International for Plastic and Acrylic Manufacturing, Acrow Egypt for Formwork and Metal Scaffolding, Cairo Poultry, Cairo National Investment and Securities, Al-Ahram for Printing and Packaging.

 

In the same context, the transactions of insiders and the main shareholders and the groups associated with them varied during the trading session yesterday, as the board of directors of the Delta Sugar Companies, Nile City Investment, Arab Rocks for Plastic Industries sold 824.7 thousand shares, 8,073 shares, 251.9 thousand shares, respectively. A group associated with International Agricultural Crops companies, Eastern National Food Security, Assets for Securities Brokerage, Prime Holding for Financial Investments, 500 thousand shares, 207 thousand shares, 551.2 thousand shares, 750 thousand shares, respectively, and sold the reward and incentive system to the employees of Sixth of October for Development and Investment-SODIC 220.2 thousand shares.

 

A major shareholder in North Cairo Flour Mills and Bakeries companies, Middle Egypt Mills, General Silos and Storage bought 4446 shares, 5,200 shares, 2,650 shares, respectively, and the management of the Eastern National Food Security Company bought 180 shares, and a group linked to Nile City Investment Company bought 8,073 shares. The Board of Directors of Naeem Holding Company for Financial Investments, CI Capital Holding for Financial Investments, and B Investments Holding also bought 633.4 thousand shares, 687.1 thousand shares, 24.6 thousand shares, respectively.

 

Delta Sugar Company announced that the Egyptian Endowments Authority reduced its share in the company's capital from 6.16% to 5.76%, after it sold 569.67 thousand shares at a price of 9.22 pounds per share, with a total value of 5.25 million pounds.

 

In another context, El Sewedy Electric announced that El Sewedy Electric Company for Trade and Distribution, in partnership with the Alexandria Petroleum Maintenance Petroment Company, is signing a contract with the Drinking Water and Wastewater Company in Sharkia for the design, supply, installation, implementation and operation support of the sewage treatment plant Najih basin with a capacity of 6 thousand cubic meters per day. Hehya center with a turnkey system, with a total value of about 126 million pounds, will be operational within 24 months from the date of receiving the site.

 

In a separate context, the Financial Supervisory Authority announced that the compulsory purchase offer submitted by Banque Misr to acquire a controlling share of the capital of CI Capital Holding for Financial Investments has been deposited with up to 652.8 thousand shares supplementing 90% of the company's shares, after Excluding the minimum limit of free-to-trade shares in accordance with the rules for listing securities in the stock exchange, to adhere to continuing to list the securities of the target company on the stock exchange, at a cash price of 4.7 pounds per share from the shares of the target company, with a minimum implementation limit of 51% of the target company's shares.

 

Pyramisa for Hotels and Tourist Villages announced a decrease in net profit during 2020 to 21.06 million pounds, compared to a net profit of 37.6 million pounds during 2019, taking into account the rights of the minority, a decline of 44%, and the activity revenues decreased during the same year to reach 69.36 million EGP, compared to 318.23 million pounds during the previous year.

 

The Arab Land Reclamation Company achieved revenues during the first half of the current fiscal year amounting to 29.3 million pounds, compared to 39.1 million pounds in the comparative half of the last fiscal year, and achieved profits of 633.46 thousand pounds during the six months ending last December, compared to profits of 73.45. One thousand pounds in the comparative period of 2019.

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