The Egyptian Stock Exchange continues to rise in the middle of trading, driven by local purchases

The Egyptian stock exchange indices continued to rise in the middle of today's session, Wednesday, the last session of June, driven by purchases from Egyptian dealers, while Arab and foreign transactions tended to sell.

 

The "EGX30" index rose by 1.29% to reach the level of 10,253 points, and the "EGX50" index rose by 1.51% to reach the level of 2159 points, and the "EGX30" index of specific weights jumped by 1.05% to reach the level of 12831 points, The "EGX30" total return index increased by 1.15% to reach the level of 3,989 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 2.01% to reach the level of 2330 points, and the "EGX100 index of equal weights" rose by 1.75% to reach the level of 3288 points, and the Excellence index increased by 2.66% to reach the level of 2402 points.

 

In a related context, the Egyptian Stock Exchange announced the suspension of trading on 25 shares for a period of 10 minutes, for exceeding 5%, up or down, during today's trading session, and they are; Ismailia National Food Industries (Foodico), General for Land Reclamation, Development and Reconstruction, Egyptian Building Industry Development (Lift Slab Misr), Fertilizer Misr (Egyvert), Al Ahly Development and Investment, Arab Land Reclamation, Arab Cement, El Obour Real Estate Investment, Zahraa El Maadi for Investment and Development, Mansoura Poultry, Arab Aluminum, Misr Cement - Qena, Arab Forum for Investments, South Valley Cement, General Paper Industry - Rakta, Misr National Steel - Ataka, Sinai Cement, Arab Ceramics - Ceramica Remas, Kafr El-Zayat Pesticides and Chemicals, Paints and Chemical Industries - Pachin .

 

The trading of shares has also been suspended; El Nasr Civil Works Company, Real Estate for National Development Banks, Egyptian Real Estate Group, Grand Investment Holding for Financial Investments, Arab Company for Asset Management and Development.

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session yesterday, Tuesday, as the board of directors of Alexandria Mineral Oils Companies - AMOC, Gulf Canadian Arab Real Estate Investment, Egyptian Real Estate Group, B Investments Holding, Tourism Pioneers - Rawd, Fawry for Banking Technology And electronic payments, Arab Rocks for Plastic Industries, Egyptian Gulf Marseilles for Real Estate Investment, 1.5 million shares, 11 thousand shares, 14.5 million shares, 100 thousand shares, 120 thousand shares, 84,480 shares, one million shares, 100 thousand shares, respectively, and a shareholder sold The main company in the Egyptian Real Estate Group Company has 2.96 million shares, and a group linked to Rowad Tourism-Rowad has sold 120 thousand shares.

 

While the Board of Directors of the Egyptian Companies for the Development of the Construction Industry (Lift Slab Egypt), the Engineer for Insurance, the Egyptian Real Estate Group, bought 2.1 million shares, 3475 shares, and 150 thousand shares, respectively, and a major shareholder in my Arab Company for Engineering Industries bought 700 thousand Nozha International Hospital. Shares, 48,836 shares, respectively, and a group linked to the two Alexandria Mineral Oils Company - AMOC, Egypt Hotels bought 237597 shares and 15,360 shares, respectively.

 

Meanwhile, Cleopatra Hospitals Group Company announced that the company had purchased 110,000 treasury shares during today's trading session.

 

Rowad Tourism Company announced that the shareholders sold the two companies, Misr Life Insurance and Misr Insurance, a number of 120,000 shares, bringing the share of the first from 20% to 17.52%, and the share of the second from 17.44% to 14.97%.

 

In a separate context, Commercial International Bank Egypt announced the opening of the subscription for the first green bond issuance in the Egyptian market, after obtaining initial approval from the Financial Supervisory Authority on June 21, and the value of the private offering is $100 million in the form of 5-year bonds with a return. Fixed and non-refundable, provided that the proceeds are used to finance a portfolio of green loans offered by the Commercial International Bank to its clients of institutions and small and medium-sized companies, in addition to financing capital expenditures for the bank’s green buildings, at a rate of up to 20% of the total returns, and the International Finance Corporation confirmed Its commitment to subscribe for the entire value of the issue.