Main menu

Pages

The Egyptian Stock Exchange continues to decline in the middle of trading, with local and Arab sales pressures


The Egyptian Stock Exchange indices continued their decline in the middle of today's trading session, Tuesday, the middle of the week's sessions, due to the pressure of sales of Egyptian and Arab dealers, while foreign transactions tended to buy.

 

The "EGX30" index declined by 1.15% to reach the level of 9,988 points, the "EGX50" index fell by 0.81% to reach the level of 2,236 points, and the "EGX30" weighted index decreased by 0.82% to reach the level of 12518 points, The "EGX30" total return index fell by 0.81% to reach the level of 3,886 points.

 

The index of medium and small companies "EGX70 of equal weights" decreased by 0.63% to reach the level of 2362 points, and the "EGX100 of equal weights" index fell by 0.58% to reach the level of 3301 points, and the Nile Stock Exchange index fell by 0.11% to reach the level of 3,301 points. Level 1256 points.

 

In a related context, the management of the Egyptian Stock Exchange announced the suspension of trading on 9 shares for a period of 10 minutes, for exceeding 5%, up or down, during today's trading session, and they are; Speed ​​Medical, Telecom Egypt, Pioneers of Tourism - Pioneers, Delta Sugar, Iron and Steel for Mines and Quarries, Gulf Canadian Arab Real Estate Investment, Paints and Chemical Industries - Pachin, Tenth of Ramadan for Pharmaceutical Industries and Diagnostic Products - Rameda, Arab Ceramics - Ceramica Remas.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during the trading session on Monday, as the Board of Directors of Delta Construction and Development Companies, Oriental Carpet Weavers, the Egyptian Kuwaiti Holding, bought 73,949 shares, 2.9 million shares, and one million shares, respectively, and a related group bought In the two companies, Ibn Sina Pharma, the Egyptian for Touristic Resorts, Ezz Steel, 25,000 shares, 150,000 shares, and 181.5 million shares, respectively, and the management of Pyramisa Hotels and Tourist Villages-Pyramisa bought 30,000 shares, while the management of Edita Food Industries sold 2,000 shares, and sold The Board of Directors of Sharm Dreams Tourism Investment Companies, Fawry for Banking Technology and Electronic Payments, Ezz Steel 12500 shares, 52.8 thousand shares, 181.5 million shares, respectively.

 

Al-Rowad Tourism Company announced the purchase of the shareholder, Abdel Latif Mahmoud Abdel Latif Mahgoub, 385 thousand shares at a price of 27,2022 pounds per share, with a total value of 10.5 million pounds, bringing the percentage of his contribution from 2.244% to 4.4679%, noting that the shares of groups associated with the contributor, Ali Mahgoub, 12.625% .

 

Beltone Financial Holding Company also announced the purchase of the shareholder, Abdel Latif Mahmoud Abdel Latif Mahgoub, 19.4 million shares at a price of 4.0324 pounds per share, with a total value of 78.4 million pounds, bringing his contribution from 0.783% to 5.1446%, noting that the shares of groups associated with the shareholder, Ali Mahmoud The percentage of 6.2439%.

 

In a separate context, the Egyptian Company for Transport and Trade Services announced the consolidated business results (for unaudited financial statements) for the period ending on March 31, 2021, and the company achieved revenues of 57.2 million pounds, compared to 53.8 million pounds during the same period of 2020, and the net profit decreased to 72.1 thousand pounds, compared to 3.7 million pounds, a decrease of 98%, attributing the reason for the decrease in net profit resulting from the decrease in profits resulting from the activity due to the increase in general and administrative expenses.

 

In another context, Alexandria Company for Medical Services - New Medical Center announced that it had received a letter from Abu Dhabi Commercial Bank, stating that it had received a modified offer of the binding offer from TAT Medical Services Company - a subsidiary of Alexandria Medical Investment Company - to acquire the bank's share of 51.54% by submitting a compulsory purchase offer of up to 14.3 million shares, 100% of the shares of the company targeted by the offer, at a cash price of 49.04 pounds, with a total value of 700 million pounds.

 

Meanwhile, the Financial Supervisory Authority announced its approval of Aldar Real Estate Company’s request to extend the deadline for submitting a compulsory purchase offer on all the shares of Sixth of October Development and Investment-SODIC, for an additional 30 working days starting from the date of the end of the violation specified for submitting the compulsory purchase offer on June 14th. 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.

reactions

Comments