News varied Egyptian Stock Exchange During today’s trading session, Sunday 6/23/2024, the most prominent of which was the Egyptian Stock Exchange ending Sunday session trading, the beginning of the week’s sessions, with a collective rise in indicators for the fifth session in a row, driven by purchases from Egyptian traders, while Arab and foreign transactions tended to sell, amid trading of 2.9 One billion pounds, and the market capitalization gained 44 billion pounds, closing at 1.837 trillion pounds.
Stop trading on 6 shares
The management of the Egyptian Stock Exchange announced, Stop trading on 6 stocks for 10 minutes For exceeding 5%, up or down, during Sunday’s trading session, they are: Fitness Prime Health Clubs, North Upper Egypt for Agricultural Development and Production (NEODAP), Orascom Investment Holding, GITEX Commercial and Industrial Investment, Egyptian Electrical Cables, and the Integrated Engineering Works Group.
The stock market profits 44 billion pounds
The Egyptian Stock Exchange ended trading on Sunday, the beginning of the week’s sessions, with a collective rise in indices for the fifth session in a row, driven by purchases from Egyptian traders, while Arab and foreign transactions tended to sell, amid trades amounting to 2.9 billion pounds, and the market capitalization gained 44 billion pounds to close at the level of 1.837 trillion pounds.
The volume of trading in stocks reached 1.035 billion securities, worth 2.9 billion pounds, through the implementation of 87.5 thousand transactions for 205 companies, and Egyptians’ transactions recorded 90.73% of the total transactions, while foreigners acquired 3.81%, Arabs acquired 5.47%, and institutions acquired 23.29%. Of the transactions on the stock exchange, the rest of the transactions were by individuals, at a rate of 76.7%.
The net transactions of Egyptian individuals and Arab and foreign institutions tended to sell at a value of 106.5 million pounds, 60.3 million pounds, and 119.2 million pounds, respectively, while the transactions of Arab and foreign individuals and Egyptian institutions tended to buy at a value of 9.1 million pounds, 6.8 million pounds, and 270.1 million pounds, respectively.
The EGX 30 Index rose by 2.44% to close at 27,062 points, the EGX 30 Weighted Index rose by 2.73% to close at 33,267 points, and the EG a point.
The “EGX 70 Equal Weights” index also rose by 2.93% to close at 6,103 points, the “EGX 100 Equal Weights” index rose by 2.98% to close at 8,810 points, and the Islamic Sharia Index increased by 2.60% to close at 8,810 points. 2677 points, while the Tamayoz index fell by 0.03% to close at 6518 points, and the Treasury Bond Index jumped by 0.44% to close at 1691 points.
The shares of 136 companies listed on the stock exchange rose at the end of trading, the shares of 16 companies decreased, and the levels of 53 companies did not change.
Treasury shares
Cleopatra Hospital, Talaat Moustafa Holding Group, and Raya Holding for Financial Investments announced the purchase of treasury shares during last Thursday’s session, as the first bought 200 thousand shares, the second 15.5 thousand shares, and the third 279.8 thousand shares.
Internal transactions
The dealings of insiders, major shareholders, and groups associated with them varied during a trading session last Thursday, as the board of directors bought companies from Mansoura Poultry, Atlas for Investment and Food Industries, South Cairo and Giza Mills and Bakeries, General Paper Manufacturing – Rakta, Egyptian Financial and Industrial, Palm Hills Development, and International. For Investment and Development, Grand Investment Holding for Financial Investments, and Arab Developers Holding, 138.4 thousand shares, 1.6 million shares, 20 shares, 56.4 thousand shares, 51.8 thousand shares, 1 million shares, 230 thousand shares, 11.5 thousand shares, 6.4 million shares, respectively.
A group linked to the Arab Company for Asset Management and Development also bought 3 million shares, while a group linked to the Eastern National Food Security Company sold 51.5 thousand shares, and the management of the Commercial International Bank – Egypt (CIB) sold 10 thousand shares.
Grand Investment Holding Company for Financial Investments announced that shareholder Essam Ahmed Hassanein Attia purchased 11.5 thousand shares at a price of 7.1 pounds, with a total value of 81.5 thousand pounds, increasing the shareholding percentage from 4.194% to 4.341%. The deal was executed through Grand Investment Securities Trading Company.
While Nahr Al-Khair Company for Development, Agricultural Investment and Environmental Services announced that shareholder Amjad Basta Khalil Abdel Malak sold 274.9 thousand shares at a price of 0.515 pounds, with a total value of 1,415 pounds, bringing the shareholding percentage from 15.01% to 14.87%. The deal was executed through Aman Securities Trading Company.
Business results
A number of companies listed on the Egyptian Stock Exchange announced business results for the period from January 1 to March 31, 2024. South Valley Cement Company achieved net sales amounting to 328.4 million pounds, compared to 338.3 million pounds during the similar period in 2023, and net losses amounted to 46.3 million pounds compared to With losses of 37.1 million pounds.
ASEC Mining Company (ESCOM) achieved revenues from contracts with customers amounting to 760 million pounds during the period ending on March 31, 2024, compared to 498.3 million pounds, and net losses amounted to 936.2 thousand pounds, compared to profits of 66.6 million pounds.
Jetex
GITEX Industrial and Commercial Investments Company announced that it had received an offer from one of the parties of the related group to purchase all of the shares owned by the company in the English group “Bird”, which represents 98.15% of the English company’s shares. The company’s board of directors will be held as soon as possible to study the offer and appoint an independent financial advisor. To determine the fair value of an English company’s shares.