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The Egyptian Stock Exchange continues to rise in the middle of trading, driven by Arab purchases


The Egyptian Stock Exchange indices continued to rise in the middle of today's session, Tuesday, the middle of the week's sessions, driven by purchases from Arab dealers, while the transactions of Egyptians and foreigners tended.

 

The "EGX30" index rose by 0.06% to reach the level of 9939 points, and the "EGX50" index fell by 0.11% to reach the level of 2181 points, and the "EGX30" index of weights rose by 0.14% to reach the level of 12459 points, The "EGX30" total return index increased by 0.18% to reach the level of 3871 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 0.44% to reach the level of 2297 points, and the "EGX100 index of equal weights" rose by 0.25% to reach the level of 3,229 points, and the Nile Stock Exchange index increased by 1.3% to reach the level of 3,229 points. Level 1288 points.

 

In a related context, the Egyptian Stock Exchange announced the suspension of trading on 12 shares for a period of 10 minutes, for exceeding 5%, up or down, during today's trading session, and they are; Iron and Steel for Mines and Quarries, Delta for Construction and Development, Beltone Financial Holding, Zahraa El Maadi for Investment and Development, Sharm Dreams for Tourism Investment, Alexandria Mills and Bakeries, Egyptian Transport Services (EGYTRANS), Ajwaa for Food Industries-Egypt, Memphis for Pharmaceuticals and Chemical Industries, Sheba International for Pharmaceuticals and Chemical Industries , Global Investment and Development, Wadi Kom Ombo for Land Reclamation.

 

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 a major shareholder of the Tenth of Ramadan Pharmaceutical Industries and Diagnostic Products - Rameda, Port Said for Agricultural Development and Contracting sold 1.95 million shares, 109.5 thousand shares, respectively, and the board of directors sold The two Beltone Financial Holding companies, Arab Rocks for Plastic Industries, 6.1 million shares and 315.8 thousand shares, respectively, while the board of directors of Delta Construction and Development and Al-Badr Plastics bought 15 thousand shares and 85 thousand shares, respectively, and the management of Pyramisa Hotels and Villages bought Tourism-Pyramisa 10,000 shares, and a major shareholder in Nozha International Hospital Company bought 1,000 shares.

 

 

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 Palm Hills Development Company achieved a boom in total new sales amounting to 3.4 billion pounds, compared to 1.7 billion pounds during the same period of the previous year, at a rate An annual growth of 98%, and the net revenue of the activity amounted to 1.98 billion pounds, a growth rate of 74%, and the net profit reached 205 million pounds, a growth rate of 152%.

 

The Housing and Development Bank announced the financial indicators for the period ending on March 31, 2021, and the bank achieved interest income of 1.6 billion pounds, compared to 1.5 billion pounds during the same period last year, with a growth rate of 7.8%, and achieved net profit after tax of 651 million pounds, compared to 605 million pounds. pounds, with a growth rate of 7.6%.

 

And the Arab Food Industries Company - Domty, turned to losses of 3.4 million pounds during the first quarter of 2021, and the company achieved sales of 647.1 million pounds, and the net loss margin was 0.53%, attributing the reason for the losses to the steady rise in raw materials prices, especially oils, which rose by more As well as powdered milk, packing materials and shipping costs, in addition to the continued closure of schools, which affected the profitability of the company in the first quarter, and due to the significant increase in the prices of raw materials and the company’s desire to increase prices, the company also decided to cancel all credit agencies in the cheese sales sector.

 

 

In another context, Cleopatra Hospital Company announced the approval of the board of directors for the company to purchase treasury shares from the open market, provided that implementation be carried out at the price of the security during the trading sessions. It was also agreed that the financing of the purchase process should be self-financing from the company’s resources and that implementation be carried out As of today's trading session and over a period of 3 months or until the execution of the purchase of treasury shares of 10%.

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