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The EGX70 index rose by 1.6% at the beginning of Wednesday's session


The Egyptian Stock Exchange indices varied, at the beginning of trading on Wednesday, as the main index declined, while the EGX70 and EGX 100 indices rose.

 

The EGX30 index declined by 0.78% to reach the level of 10450 points, the EGX50 index rose by 1.25% to reach the level of 2148 points, and the EGX30 index of determinant weights decreased by 0.3% to reach the level of 12841 points. The EGX30 overall return index fell by 0.65% to reach the level of 4,071 points.

 

The index of medium and small companies, "EGX 70 is equal weights", increased by 1.55% to reach the level of 2200 points, and the index of "EGX 100 equal weights" rose by 1.19% to reach the level of 3127 points.

 

In a related context, the Egyptian Stock Exchange Administration announced the suspension of trading on 5 shares for a period of 10 minutes because they exceeded the 5%, up or down, during the trading session today, Wednesday, and they are; Beltone Financial Holding, Construction and Engineering Consultancy, Pioneers of Tourism - Pioneers, Western Islamic Urban Development, Eastern National Food Security.

 

In a separate context, a number of companies listed on the Egyptian Stock Exchange announced their results for the period ending on March 31, and Lecico Egypt achieved a decline in losses to 14.2 million pounds during the first quarter of 2021 compared to 73.4 million pounds losses during the same period of the previous year. The reasons for the decrease in losses were attributed to the increase in sales in the first quarter of 2021, by 21%, and the decrease in financing expenditures in the first quarter of 2021, by 27 million pounds.

 

 

The Egyptian Arab Company (Themar) for Securities Trading also announced the results of business for the period ending on March 31, 2021, and the company achieved revenues of 9 million pounds compared to 4.4 million pounds during the same period of last year with a growth rate of 104.07%, and the company made a profit after tax It reached 2.2 million pounds compared to 383.4 thousand pounds, with a growth rate of 467.31%, and she attributed the reason for the growth of profits to the increase in the general stock exchange rates and the decrease in the expenses ratio compared to the comparative quarter, and the containment of the global Corona crisis compared to the previous year.

 

While the Egyptian Iron and Steel Company announced, the business results for the period from July 1, 2020, compared to March 31, 2021, and the company achieved losses amounting to 724.1 million pounds compared to a loss of 783.8 million pounds for the corresponding period of last year.

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