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The main index of the Egyptian Stock Exchange increased by 1% in the middle of trading


The Egyptian stock market indices continued to rise in the middle of Sunday's trading session, the beginning of the week's sessions, driven by purchases from Egyptian and Arab dealers, while foreign transactions tended to sell.

 

The "EGX30" index rose by 1.03% to reach the level of 10,756 points, and the "EGX50" index rose by 1.53% to reach the level of 2264 points, and the "EGX30" index of weights rose by 1.29% to reach the level of 13216 points. The "EGX30" total return index increased by 0.94% to reach the level of 4,194 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 2.56% to reach the level of 2573 points, and the "EGX100 index of equal weights" rose by 2.27% to reach the level of 3548 points, and the Excellence Index increased by 1.88% to reach the level of 3054 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 5%, up or down, during today's trading session, and they are; ASEC Mining - Ascom, Misr Chemical Industry, Misr Cement - Qena, Canal Shipping Agencies, General Paper Industry - Rakta, Arab Engineering Industries, Sharkia National Food Security, Raya Call Center Services, Alexandria Mills and Bakeries, Wadi Kom Ombo Land Reclamation, Zahraa El Maadi For Investment and Development, Islamic Gharbia for Urban Development, Rubex International for Plastic and Acrylic Manufacturing, Sinai Cement, Sharm Dreams for Tourist Investment, Delta for Printing and Packaging, Housing and Development Bank, Misr Aluminum, Alexandria for Container and Goods Handling, Al Arabiya for Valves.

 

The trading of shares has also been suspended; North Cairo Mills and Bakeries, Construction and Engineering Consultancy, Misr Bani Wave Cement, Pyramisa Hotels and Touristic Villages - Pyramisa, Golden Coast Sokhna for Tourist Investment, Upper Egypt Mills, GB Auto, Misr Hotels.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session last Sunday, as the board of directors of Zahraa El Maadi for Investment and Development companies sold the Egyptian Faisal Islamic Bank in EGP, the Egyptian Real Estate Group, El Obour Real Estate Investment, Rowad Tourism-Rowad, Sharm Dreams Investment Tourism, Arab Rocks for Plastic Industries, 100 thousand shares, 4.2 colorful shares, 2 million shares, 500 shares, 82,323 shares, 29,227 shares, 400 thousand shares, respectively, and a group linked to Rubex International for Plastic and Acrylic Manufacturing, Pioneers of Tourism - Pioneers, also sold Fawry for Banking Technology and Electronic Payments, International for Fertilizers and Chemicals, 3 thousand shares, 58,933 shares, 130 thousand shares, 5 thousand shares, respectively, and a major shareholder in the Egyptian Real Estate Group and the Egyptian Resorts Company sold 2.5 million shares and one million shares, respectively.

 

While the board of directors of the Egyptian Real Estate Group, Naeem Holding for Investments, Egyptian Tourist Resorts, Sharm Dreams for Tourism Investment, bought 1.9 million shares, 5,000 shares, 4.3 million shares, and 50,000 shares, respectively, and a group linked to Faisal Islamic Bank of Egypt bought in the pound. 1.3 million shares.

 

In a separate context, the Financial Supervisory Authority announced the approval of extending the deadline for submitting some of the compulsory purchase submitted by Aldar Real Estate Company on the entire shares of Sixth of October Development and Investment-SODIC, for an additional 30 working days starting from the date of the end of the deadline set for submitting the compulsory purchase offer in Next August 2, in order to complete the due diligence examination, in accordance with the provisions of Chapter Twelve of the Executive Regulations of the Capital Market Law 95 of 1992.

 

 

In another context, Pioneers Holding Company for Financial Investments announced the unanimous approval of the company’s General Assembly on the process of dividing the company into 3 companies (a dividing company and two divided companies) within the framework of the group’s structural plan, namely Pioneers Holding Company for Financial Investments (the dividing company) and it continues to retain its purpose and the issued licenses. It has the authority from the Financial Supervisory Authority and its purpose is to participate in the establishment of companies that issue securities or to increase their capital and to license the activity of custodians.

 

While the division results in the establishment of two new companies: Pioneers Properties for Urban Development (a divided company), and it is established as an Egyptian joint stock company, provided that its purpose is to invest, contribute and participate directly and indirectly in all areas of real estate investments, contracting and real estate development. Jadwa Industrial Development Company (a divided company) is established as an Egyptian joint stock company, provided that Its purpose is to invest, contribute and participate directly and indirectly in all fields of industrial investments.

 

While the Misr Central Clearing, Depository and Registry Company announced the opening of the candidacy for the presidency and membership of the company’s board of directors for a new term for a period of 3 years (2021-2024), and submission of applications for candidacy begins on Sunday, July 25, and the nomination window closes at the end of work on Thursday, July 29. The elections are in accordance with the provisions of the company’s articles of association, and the decisions of the Board of Directors of the Financial Supervisory Authority No. 96 of 2014, and No. 117 of 2021 regarding the rules for forming the board of directors of the Central Depository and Registry of Securities and the conditions and procedures for candidacy for the presidency and membership of the Board of Directors.

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