I continued Egyptian stock market indicatorsIt rose in the middle of Sunday’s trading session, the beginning of the week’s sessions, driven by purchases from Egyptian and Arab traders, while foreign trading tended to sell, amid weak trading that exceeded 900 million pounds within two hours.
The EGX 30 Index rose by 1.3% to reach the level of 26,760 points, the EGX 30 Weighted Index rose by 1.32% to reach the level of 32,810 points, and the EG a point.
The index also rose Medium and small companies “EGX 70 Equal Weights” increased by 1.81% to reach the level of 6037 points, and “EGX 100 Equal Weights” rose by 1.77% to reach the level of 8707 points, and the Islamic Sharia Index increased by 1.03% to reach the level of 2636 points.
Management announced Egyptian Stock ExchangeTrading on 3 stocks was suspended for 10 minutes due to them exceeding 5% rise or fall during Sunday’s trading session. They are: Fitness Prime Health Clubs, North Upper Egypt for Agricultural Development and Production (NEODAP), and Orascom Investment Holding.
Cleopatra Hospital and Talaat Moustafa Holding Group announced the purchase of treasury shares during last Thursday’s session, as the first bought 200 thousand shares, and the second 15.5 thousand shares.
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.
In a related context, 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. million pounds compared to 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.
In a separate context, GITEX Industrial and Commercial Investments Company announced that it had received an offer from one of the parties of the related group to buy all 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 the English company’s shares.