The Egyptian stock market indexes continued to rise in the middle of today's session, driven by purchases from Egyptian and Arab dealers, while foreign transactions tended to sell.
The EGX30 index rose by 0.47% to reach the level of 10350 points, the EGX50 index rose by 0.42% to reach the level of 2205 points, and the EGX 30 index of determinant weights jumped by 0.78% to reach the level of 12830 points, The EGX 30 overall return index decreased by 0.18% to reach the level of 4006 points.
The index of medium and small companies "EGX 70 is equal weight" increased by 0.89% to reach the level of 2286 points, and the "EGX 100 is equal weight index" rose by 0.89% to reach the level of 3228 points, and the Nile Stock Exchange index increased by 0.17% to reach the level of 1237 points level.
In a related context, the Egyptian Stock Exchange Administration announced the suspension of trading on 25 shares for a period of 10 minutes because they exceeded the 5%, up or down, during today's trading session, and they are; Paints and Chemical Industries - Pachin, Egypt Gas, CI Capital Holding for Financial Investments, Al-Tawfiq Financial Leasing - AT Lease, Lecico Egypt, Zahraa El Maadi for Investment and Development, Iron and Steel Mines and Quarries, Pioneers of Tourism - Pioneers, Beltone Financial Holding, Sharm Dreams For Tourism Investment, Ismailia National Food Industries (Foodico), Al Shams Housing and Development, Mina Farm for Pharmaceuticals and Chemical Industries, Abu Dhabi Islamic Bank-Egypt, El Masria for Building Industry Development (Lift Slab Egypt), Sharkia National Food Security, El Obour Real Estate Investment, Egyptian Transport Services (Egytrans), Suez Canal Bank, Egyptian Arab (Themar) for stock trading.
Shares have also been suspended from trading; Marsa Marsa Alam for Tourism Development, Wadi Kom Ombo for Land Reclamation, El Nasr Company for Civil Works, General for Land Reclamation, Development and Reconstruction, Ajwa Food Industries - Egypt.
The EGX administration also announced that the Egyptian Housing, Development and Reconstruction Company submitted documents for registering the shares of the issued and paid-up capital from 240 million pounds to 264 million pounds, an increase of 24 million pounds distributed over 96 million shares with a nominal value of 0.25 pounds per share, to finance the profits of the year And the retained earnings according to the financial statements on 31/12/2020, noting that the documents submitted by the company are being examined and completed for submission to the registration committee.
In the same context, the transactions of insiders, the main shareholders and the groups associated with them varied during the trading session yesterday, Sunday, as the Board of Directors of the Eastern National Food Security Companies, Cairo Housing and Development, sold Arabian Rocks for Plastic Industries 1.8 million shares, 2.2 million shares, 330 thousand shares, respectively, The management of Raya Holding Company for Financial Investments also sold 725 thousand shares, and an associated group of B Investments Holding Company sold 1.9 million shares, while the Board of Directors of the Egyptian Kuwaiti Holding Companies, Naeem Holding for Investments, B Investments Holding, bought 65103 shares, 140 thousand shares, 1.9 million shares , Straight.
In a separate context, a number of companies listed on the Egyptian Stock Exchange announced the results of their business for the period ended, and Orascom Investment Holding Company achieved operating revenues of 730 million pounds on December 31, 2020, and profits before deducting interest, taxes, depreciation and depreciation reached 88 million pounds, and shareholders ’share reached From the net losses of the year to 105 million pounds.
The Sixth of October Development and Investment Company (SODIC) announced its consolidated financial results for the first three months of the fiscal year ending on March 31, 2021, and the total contracted dormitories reached 1.85 billion pounds, and this figure represents the outcome of selling 333 units that were mainly achieved From sales of residential units, total sales achieved an increase of 114% compared to the first quarter of 2020, and activity revenues during the first quarter of the year amounted to 849 million pounds, an increase of 60%, and the net profit reached 100 million pounds, with a growth rate of 235%.
Ibn Sina Pharma announced net sales of 4.8 billion pounds during the first quarter of 2021 compared to 4.4 billion pounds during the same quarter of last year, and net profits reached 50.4 million pounds compared to 50.3 million pounds during the comparison period.
The North Cairo Mills and Bakeries Company announced that the Board of Directors approved the financial position during the period from July 1, 2020 to April 30, 2021, and the company achieved a deficit of 4.421 million pounds against a surplus of 12.3 million pounds during the same period of the previous year, and against a targeted surplus of 8,564. One million pounds for the same period.
The Nile Company for Medicines and Chemical Industries also announced that the Board of Directors approved the financial position during the period from July 1, 2020 to April 30, 2021, and the company achieved a net profit of 82.5 million pounds compared to an amount of 97.7 million pounds during the same period of the previous year.
In another context, Palm Hills Development Company announced the appointment of Hazem Badran and Tariq Tantawi to the positions of co-CEO of the company and appointed members of the Board of Directors, following the approval of the Board of Directors during its session held on May 30, 2021.
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