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The Egyptian stock market indices decline in the middle of trading due to Arab and foreign sales pressures


Sales of Arab and foreign dealers pushed the Egyptian Stock Exchange indices to decline in the middle of Sunday's session, the beginning of the week's sessions, while the Egyptians' transactions tended to buy.

 

The "EGX30" index declined by 0.43% to reach the level of 9,935 points, the "EGX50" index fell by 0.72% to reach the level of 2,240 points, and the "EGX30" index of specific weights decreased by 0.41% to reach the level of 12493 points. The "EGX30" total return index fell by 0.62% to reach the level of 3856 points.

 

The index of medium and small companies "EGX70 of equal weights" decreased by 0.69% to reach the level of 2367 points, and the "EGX100 index of equal weights" decreased by 0.62% to reach the level of 3,312 points, while the Nile Stock Exchange index increased by 0.16% to reach the level of 3,312 points. To the level of 1272 points.

 

In a related context, the management of the Egyptian Stock Exchange announced the suspension of trading on 7 shares for a period of 10 minutes, for exceeding 5%, up or down, during today's trading session, and they are; B Investments Holding, Osoul Securities Brokerage, Iron and Steel Mines and Quarries, Rowad Tourism - Rowad, Arab Ceramics - Ceramica Remas, General Paper Industry - Rakta, Ajwa Food Industries - Egypt.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during the trading session last Thursday. Shares, and a major shareholder in Nozha International Hospital Company bought 1,199 shares.

 

Ibn Sina Pharma announced the purchase of 179.1 thousand treasury shares during last Thursday's session.

 

In a separate context, a number of companies listed on the Egyptian Stock Exchange announced their business results during the three-month period ending on March 31, 2021, and Emaar Misr Development Company achieved revenues of 1.5 billion pounds during the first quarter of 2021, compared to 242.2 million pounds during the same period in 2020. The net profit for the period amounted to 529.1 million pounds, compared to 247.6 million pounds during the comparison period.

 

El Nasr Garments and Textiles Company (Kabo) announced that it achieved revenues of 195.97 million pounds during the period ending on March 31, 2021, compared to 324.3 million pounds during the same period last year, a decrease of 39.58%, and net losses for the period amounted to 21.9 million pounds, compared to 27 million pounds. During the comparison period, a decrease of 19.01%.

 

And the Orouba Securities Brokerage Company announced revenues of 1.9 million pounds during the period ending on March 31, 2021, compared to 154.5 thousand pounds during the same period of 2020, with a growth rate of 1146%, and net profit after tax amounted to 101 thousand pounds, compared to losses of 335.8 thousand pounds. With a growth rate of 130 percent, due to an increase in the volume of activity revenues by 1.9 million pounds, an increase in other revenues by 209.8 thousand pounds, and the absence of currency valuation losses for the current period compared to 13,747 pounds valuation losses for the comparable period.

 

MB Engineering announced that revenues amounted to 43.2 million pounds during the period ending on March 31, 2021, compared to 45.5 million pounds during the same period last year, a decrease of 5%, and the net comprehensive income amounted to 544.9 thousand pounds, compared to 691.7 thousand pounds during the comparison period, with a rate of a decrease of 21%.

 

The Board of Directors of the Giza General Contracting and Real Estate Investment Company also approved the financial statements independent of the financial position on March 31, 2021, with a business volume of 288.3 million pounds and a net profit of 22.349 million pounds, and the consolidated financial statements with a net profit of 22.293 million pounds.

 

Faisal Islamic Bank of Egypt announced the bank’s results indicators at the end of May 2021, and the bank achieved a turnover of 123.1 billion pounds, compared to 107.5 billion pounds during the same month last year, with a growth rate of 14.5%, and total assets rose to 121.2 billion pounds, compared to 105 billion pounds during the same month. From last year, a growth rate of 15.4%.

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