The Egyptian Stock Exchange indices continued their decline in the middle of trading session today, Wednesday, under the pressure of sales of Arab and foreign dealers, while the dealings of Egyptians tended to buy.
The EGX30 index declined by 0.86% to reach the level of 10500 points, the EGX50 index fell by 0.85% to reach the level of 2048 points, and the EGX 30 index of determinant weights decreased by 0.59% to reach the level of 12729 points, The EGX30 overall return index fell by 0.87% to reach the level of 4,065 points.
The index of medium and small companies, "EGX 70 is equal weights", decreased by 0.81% to reach the level of 2063 points, and the index of "EGX 100 is equal weights" fell by 0.75% to reach the level of 2981 points, while the Nile Stock Exchange index rose by 1.14% to reach the level of 2063 points. To the level of 1271 points.
In a related context, the Egyptian Stock Exchange Administration announced the suspension of trading on 9 shares for a period of 10 minutes because they exceeded the 5%, up or down, during the trading session today, Wednesday, and they are; Al-Nozha International Hospital, Al-Obour Real Estate Investment, Al-Arabia Ceramics-Ceramica Remas, Arab Investment Forum, Mina Pharm for Medicines and Chemical Industries, Al-Nasr for Manufacturing Agricultural Products, Al-Ahram Printing and Packaging, Egyptian Real Estate Group, Arab Real Estate Investment-ALICO.
As announced by the stock exchange administration, the Arab Investment Forum Company has submitted documents to divide the nominal value of the share from 10 pounds per share to 1 pounds per share, so that the company's issued and restricted capital of 300 million pounds, divided into 300 million shares (instead of 30 million shares), 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 session yesterday, as the Board of Directors of Cairo Oils and Soap Companies sold the Egyptian Real Estate Group, Al-Obour Real Estate Investment, 1.6 million shares, 593 shares, 26235 shares, respectively, and an associated group sold In the two Delta Construction and Development companies, Faisal Islamic Bank of Egypt - in dollar terms, 40,758 shares, 32,300 shares, respectively, while the board of directors of the Egyptian Company for the Development of the Construction Industry (Lift Slab Egypt), Al-Mohandes Insurance, bought 4.4 million shares, 10864 shares, respectively. A group linked to Mansoura Poultry and MM Group for Industry and International Trade bought 38,321 shares, 250,000 shares, respectively.
In another context, Orascom Investment Holding Company announced the approval of the Board of Directors to accept the resignation of Dr. Sameh Al-Torgoman from the membership of the Board of Directors of the company, and the appointment of Wafa Zakalma as a non-executive board member instead, starting from next May 1, and accepting the resignation of Eng. Naguib Onsi Sawiris from his position as Chairman of the Board Management while retaining the position of Managing Director and CEO of the Board of Directors, and the appointment of Eng. Aqeel Hamid Bashir as Chairman of the Company's non-executive Board of Directors.
The Board of Directors of Orascom Investment Holding Company also approved, in principle, to sell all shares owned by the company in Trans Word Associates (Private) Ltd., which amount to 51% of the company's shares, and to appoint an independent financial advisor to carry out the evaluation of the company, and to present the evaluation to the Board of Directors in accordance with Article 43. Among the rules of listing on the stock exchange, the Board agreed to conclude a lease agreement between Orascom Pyramids for Entertainment Projects in its capacity as the lessor and the Egyptian Company for Food and Services (Abela Egypt) in its capacity as the tenant to lease the Bedouin service nine pyramids.
In a separate context, Palm Hills Development Company announced the approval of the Board of Directors to implement the securitization process and authorize the Board of Directors to sign the necessary contracts and agreements for this, such as the transfer of the deferred financial rights portfolio, the service and collection contract, and their authorization to sign the information memorandum and the contract of transfer of the right to the future financial rights portfolio The company is transferred to Tharwa Company for securitization with a value of about 800 million pounds.
Heliopolis Housing and Development Company announced that the company achieved activity revenues of 263.7 million pounds during the period ending March 31, 2021, and a net profit after tax of 16.3 million pounds until the end of March 2021, compared to revenues of 1.1 billion pounds and a net profit of 379.6 million pounds during the period The same period last year, and it reversed the decline in the current period from the same period of the previous year due to the sale of plots of land in Heliopolis and the Sheraton area during the comparison period.
A number of milling companies listed on the Egyptian Stock Exchange announced the results of their work during the period ending March 31, 2021, and the Middle Egypt Flour Mills Company achieved revenues of 385.4 million pounds by the end of March 2021 compared to 377.2 million pounds until the end of March 2020 with a growth rate of 2.18 The net profit after tax was 73 million pounds, compared with 72.4 million pounds, with a growth rate of 0.82%, and the South Cairo and Giza Mills Company achieved revenues of 111 million pounds by the end of March 2021 compared to 141.5 million pounds until the end of March 2020, a decrease of 78 %, And net losses amounted to 32.9 million pounds, compared with losses of 24.7 million pounds, with a growth rate of 133%.
The General Company for Silos and Storage also achieved revenues of 320.8 million pounds during the period ending March 31, 2021 compared to 323.7 million pounds during the period ending on March 31, 2020, a decrease of 0.77%, and the net profit after tax was 78.3 million pounds compared with 78.2 million pounds. With a growth rate of 0.02%.
The Delta Sugar Company turned to achieve profits of 76.8 million pounds during the period ending March 31, 2021, compared to net losses of 118.8 million pounds during the same period in 2020, with a growth rate of 165%, and the company achieved revenues of 224.1 million pounds compared to 789.1 million pounds, a decrease of 72% .
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