The indices of the Egyptian Stock Exchange rose, in the middle of the trading session on Wednesday, driven by purchases from foreign dealers, while the transactions of Egyptians and Arabs tended to sell.
The "EGX30" index rose by 0.53% to reach the level of 10016 points, and the "EGX50" index rose by 1.34% to reach the level of 2261 points, and the "EGX30" weighted index jumped by 0.58% to reach the level of 12556 points, The "EGX30" total return index increased by 1.15% to reach the level of 3916 points.
The index of medium and small companies "EGX70 of equal weights" rose by 1.12% to reach the level of 2,380 points, and the "EGX100 index of equal weights" rose by 1.16% to reach the level of 3,329 points, and the Nile Stock Exchange index increased by 0.62% to reach the level of 3,329 points. Level 1253 points.
In a related context, the Egyptian Stock Exchange announced the suspension of trading on 13 shares for a period of 10 minutes, for exceeding the 5%, up or down, during today's trading session, and they are; Wadi Kom Ombo for Land Reclamation, Ajwaa for Food Industries - Egypt, Egyptian Chemical Industries - Kima, El Obour Real Estate Investment, Iron and Steel for Mines and Quarries, Mills of Upper Egypt, Arab International Banking Company Bank, Sinai Cement, Arab Food Industries - Domty, Islamic Gharbia for Urban Development , Arabian Cement, Edita Food Industries, Amer Holding Group.
As the stock exchange management announced, a request was received from the legal representative of the Assiut National Islamic Company for Trade and Development to write off the listing of the company’s shares with a number of 6.7 million shares, with a nominal value of 10 pounds per share from the stock exchange’s tables, as an optional write-off in implementation of the company’s board of directors’ decision last April 27, which was approved by the authority. The General Investment and Free Zones, and that the voluntary write-off procedures are being completed to present the request to the listing committee and implement the process of purchasing shares of all shareholders affected by the voluntary write-off, including those who object to the write-off as well as mortgage creditors and other shareholders, in implementation of the voluntary write-off procedures.
In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during the trading session on Tuesday, as the Board of Directors of Oriental Carpet Weavers Companies, Sharm Dreams for Tourism Investment, Fawry for Banking Technology and Electronic Payments sold 156 thousand shares, 34450 shares, 175.3 thousand shares, respectively, The management of Edita Food Industries sold 3,000 shares, while the board of directors of the two Oriental Carpet Weavers companies, the Egyptian Real Estate Group, bought 2.3 million shares and 3.3 million shares, respectively, and the management of Pyramisa Hotels and Tourist Villages - Pyramisa bought 2,000 shares, and a group linked to a company Architectural Engineering Industries for Construction and Development - ICON 3 million shares.
Architectural Engineering Industries for Reconstruction and Development - Icon announced the purchase of the shareholder Maha Mohamed Al-Sharafi 3 million shares at a price of 10.26 pounds, with a total value of 30.8 million pounds, increasing his contribution from 0.055% to 2.529%, and the deal was executed through Sega Investment for Securities Trading.
In a separate context, Talaat Moustafa Holding Group said, in response to what was published on news websites that the group launched a third real estate development company (Rawasi Real Estate Development Company) with both the National Bank of Egypt and Banque Misr, that it did not contribute to that company or any other company.
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