The news of the Egyptian Stock Exchange varied during the trading session today, Wednesday 4/21-2021, the most prominent of which was the end of the trading session of the Egyptian Stock Exchange today, Wednesday, with a collective increase in the indices for the fourth consecutive session, driven by purchases from Arab and foreign dealers, amid high trading volumes, and the profit of market capital 2.1 One billion pounds, to close at 654.223 billion pounds.
Suspension of trading of 10 companies
The Egyptian Stock Exchange announced the suspension of trading on 10 shares for a period of 10 minutes because they exceeded the 5%, up or down, during the trading session today, Wednesday, and they are; Arabia Investments Holding, El Obour Real Estate Investment, Raya Holding for Financial Investments, Arab Real Estate Investment - Alico, Reacap for Financial Investments, Egypt for Hotels, General Land Reclamation, Development and Reconstruction, Pioneers of Tourism - Pioneers, Wadi Kom Ombo Land Reclamation, Ismailia Misr Poultry.
The stock exchange profits 2.1 billion pounds
The Egyptian Stock Exchange ended the trading session today, Wednesday, with a collective increase in the indices for the fourth consecutive session, driven by purchases from Arab and foreign dealers, amid high trading volumes, and the profit of market capital was 2.1 billion pounds, to close at 654.223 billion pounds.
The volume of shares traded reached 478.6 million securities, worth 906.5 million pounds, through the implementation of 38.9 thousand transactions for 184 companies, and Egyptian transactions recorded 83.29% of the total transactions, while foreigners accounted for 8.79%, and Arabs 7.92% during today's trading session. The institutions received 20.81% of the transactions on the stock exchange, and the rest of the transactions were the share of individuals, by 79.18%.
The net transactions of Egyptian individuals and Egyptian and Arab institutions tended to be sold at a value of 9.4 million pounds, 9.8 million pounds, and 3.8 million pounds, respectively, while the net transactions of Arab and foreign individuals and foreign institutions tended to buy at a value of 8 million pounds, 632.7 thousand pounds, 14.3 million pounds, respectively. .
The EGX 30 index rose by 0.21%, to close at 10642 points, the EGX 50 index rose 0.25% to close at 2021 points, and the EGX 30 index of weights decreased by 0.04% to close at 12908 points. , EGX30 overall return index fell by 0.97% to close at 4088 points.
The index of small and medium-sized companies "EGX 70 is equal weights" increased by 0.63% to close at the level of 1970 points, and the index of "EGX 100 is equal weights" rose by 0.36% to close at 2898 points, and the Nile Stock Exchange index increased by 0.17% to close at The level of 1197 points.
Shares of 89 companies listed on the stock exchange rose at the end of trading, and the shares of 60 companies declined, and the levels of 35 companies did not change.
Insider dealings
The transactions of insiders, the main shareholders and the groups associated with them varied during Tuesday's session, as the board of directors of the two medical packaging companies, International Medical Industries - EKME sold one million shares, 30,000 shares, respectively, and a group associated with international agricultural crops companies, Faisal Islamic Bank of Egypt - sold in dollars. Obour Real Estate Investment 2,000 shares, 359.5 thousand shares, 10709 shares, respectively. The management of the Egyptian-Kuwaiti Holding Company also sold 1,101 shares.
The Board of Directors of Zahraa Maadi for Investment and Reconstruction, Palm Hills Development, Al Badr Plastics, 10 thousand shares, 750 thousand shares, 50 thousand shares, respectively, and a major shareholder of the Oils and Extracts Company and its products bought 150 thousand shares, and a group linked to Mansoura Poultry companies bought , Pioneers Holding for Financial Investments, 11,050 shares, 45,000 shares, 460,000 shares.
Madinet Nasr Housing and Development Company, Eastern-Eastern Company, also announced the sale of the first number of 487.4 thousand shares, thus the total number of what was sold is 6.36 million shares out of the total number of 7.26 million shares, and the remaining number of 900 thousand shares, the second sale of 785.6 thousand shares.
Iron and steel
The Egyptian Iron and Steel Company, in response to what was published about Sahara Group's submission of a letter of guarantee worth $ 400 million to the company, said that Sahari did not provide the required documents from it and also did not provide the foreign technical partner to present the development and reform plan, adding that the financial control and stock exchange procedures are being completed. The Egyptian Iron and Steel Company’s shares were registered in the central custody, and a liquidator was appointed for the Egyptian Iron and Steel Company.
Raya Holding
Raya Holding Company for Financial Investments said that the Board of Directors agreed to proceed with the sale of a share of 62.3% of the shares of Ostool Land Transport Company, with a total number of 54 million shares, which is a subsidiary of Raya Company, to Paradim Logistics Ltd. at a price of 4.94 pounds per share, with a total value of 266.6 One million pounds, which represents the cash amount to buy shares.
National bank of Kuwait
The National Bank of Kuwait-Egypt announced the approval of the extraordinary general assembly to amend Articles 4, 6 and 7 of the bank’s articles of association, increasing the authorized capital from 2.5 billion pounds to 10 billion pounds, and increasing the issued and paid-up capital from 1.5 billion pounds to 5 billion pounds. An increase of 3.5 billion pounds distributed over 350 million shares at a value of 10 pounds per share by 2.3 free shares for each original share, with compensation for fractions in favor of small shareholders, to be financed from the retained earnings according to the bank's financial statements for the fiscal year ending on December 31, 2020.
Memphis Pharmaceuticals
Memphis Company for Drugs and Chemical Industries announced that it achieved revenues of 395.6 million pounds during the period ending on March 31, 2021 compared to 378.3 million pounds during the same period last year, with a growth rate of 5%, and the net profit after tax was 25.4 million pounds compared with 5.2 million pounds at a rate Growth of 386% during the comparison period.
Epico
The Egyptian International Pharmaceutical Industries "EIPICO" signed a partnership contract with the Kampal International Company to establish a pharmaceutical factory in Sudan, with investments amounting to 30 million dollars, of which $ 18 million was paid equally between the two companies.
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