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Stock market news today, Monday 16-8-2021

The Egyptian Stock Exchange news varied during today’s trading session on Monday 16-8-2021, the most prominent of which was the variation of the Egyptian Stock Exchange indices, at the conclusion of today’s trading session, as the main index rose, while the EGX70 and EGX100 indices declined, under pressure from local sales, amid high trading volumes. And the profit of the market capitalization is 775 million pounds, to close at 720.535 billion pounds.

Suspension of trading 23 companies

The Egyptian Stock Exchange announced the suspension of trading on 23 shares for a period of 10 minutes, for exceeding the 5% up or down during today's trading session, and they are; Mina for Touristic and Real Estate Investment, Kafr El-Zayat for Pesticides and Chemicals, Golden Coast Sokhna for Tourist Investment, El Obour for Real Estate Investment, Wadi Kom Ombo for Land Reclamation, Golden Tex for Wool, Acromisr for Formwork and Metal Scaffolding, Arabia for Land Reclamation, Cairo National Investment and Securities, Al Arabiya for Engineering Industries, Al Arabiya United Shipping & Unloading, Grand Investment Holding for Financial Investments, Zahraa El Maadi for Investment and Development, El Masreya for Touristic Resorts, Delta for Printing and Packaging, Egypt Gas, International for Investment and Development, Mansoura Poultry, Pioneers Tourism - Pioneers, General for Ceramic and Chinese Products, Construction and Engineering Consultations, Aluminum Arabia, Arabic for valves.

The stock market gains 775 million pounds

The Egyptian Stock Exchange indices varied, at the end of Monday’s trading session, as the main index rose, while the EGX70 and EGX100 indices declined, with local sales pressures, amid high trading volumes, and the market capital gain 775 million pounds to close at 720.535 billion pounds.


The volume of trading on shares reached 533.9 million securities, with a value of 2 billion pounds, through the implementation of 56.8 thousand transactions for 197 companies. Institutions accounted for 18.21% of the transactions on the stock exchange, and the rest of the transactions belonged to individuals with a rate of 81.78%.


The net transactions of Egyptian, Arab and foreign individuals and Egyptian institutions for sale tended to be worth 8.7 million pounds, 10.2 million pounds, 5.6 million pounds, and 35.3 million pounds, respectively, while the net transactions of Arab and foreign institutions for purchase tended to be worth 14.1 million pounds and 25.7 million pounds, respectively.


The "EGX30" index rose by 0.15%, to close at the level of 11046 points, the "EGX50" index rose by 0.27% to close at the level of 2405 points, and the "EGX30" weighted index jumped by 0.03% to close at the level of 13358 points. The "EGX30" total return index declined by 0.27% to close at 4281 points.


While the index of small and medium-sized companies "EGX 70 of equal weights" decreased by 0.08% to close at the level of 2885 points, and the "EGX 100 index of equal weights" decreased by 0.06% to close at the level of 3863 points, and the index of excellence increased by 0.74% to close at the level of 3549 points, and the bond index jumped by 0.02% to close at 1082 points.


The shares of 80 companies listed on the stock exchange rose at the close of trading, the shares of 87 companies fell, and the levels of 30 companies did not change.

insider dealings

The transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session yesterday, Sunday, as the board of directors of Al-Obour Real Estate Investment Company sold 3 thousand shares, and a group linked to the Naeem Holding Company for Investments sold 840 thousand shares, while the board of directors of the two Egyptian Real Estate Group companies, Al-Naeem Holding for Investments bought 1.5 One million shares, 760 thousand shares, respectively, and a major shareholder in Nozha International Hospital Company bought 26,747 shares.


Meanwhile, ASEC Mining Company - Ascom announced the unanimous approval of the Board of Directors to purchase treasury shares, not exceeding the legal percentage (10% of the total shares of the company), through the open market and at the price of the security during the trading sessions, provided that the financing of the purchase process is self-financing from resources The company without the participation of any of the major or internal shareholders and their related groups, provided that the purchase process is carried out from the trading session on August 19 until next November 18, or until the completion of the purchase of the 10%.


The Financial Supervisory Authority announced that it would not accept the splitting of the nominal value of the shares of the Global Investment and Development Company from 5 pounds per share to 0.50 pounds per share, bringing the number of the company’s shares to 108 million shares instead of 10.8 million shares.

Business results

A number of companies announced their financial results, and Fawry Banking Technology and Electronic Payments achieved revenues of 742.6 million pounds during the first half of 2021, with a growth rate of 35.2%, and net profit amounted to 113.3 million pounds, with a growth rate of 60.8%, accompanied by a net profit margin of 15.3% during same period.


Orascom Development Egypt achieved revenues of EGP 3 billion during the first half of 2021, with a growth rate of 55.8%, and net profit amounted to EGP 744.6 million, with a growth rate of 342.2%, after implementing cost-saving measures in all fields. General and administrative expenses decreased by 100% to reach 54.6 million pounds in the first half of 2021.


Raya Call Center Services Company announced that it is still in the process of completing the process of acquiring 85% of the shares of Gulf Customer Experience, including completing the signing of sales documents and contracts, opening an account for the broker in the Kingdom of Bahrain, and transferring the funds for the acquisition to that account.