Egyptian Stock Market News Monday, July 30, 2018

The Egyptian Stock Exchange (EGX) diversified during the trading session of Monday, July 30, 2018. The most important of these was the Egyptian Stock Exchange ending the trading session on Monday with a collective decline. of all indicators, driven by Egyptian and Arab resellers.

The Exchange Loses 2.5 Billion Pounds

The Egyptian Stock Exchange ended Monday's session with a collective decline in all indices, driven by pressure from Egyptian and Arab dealers. It is worth to close 2.5 billion pounds at the level of 862.810 billion pounds.

The volume of transactions amounted to 139 million securities worth 528 million pounds through the execution of 17,200 transactions, the Egyptians accounted for 66.44% of the total transactions of market, non-Arab foreigners accounting for 28.45% and Arabs at 5.12% Institutions accounted for 40.76% of stock market transactions, while remaining transactions accounted for 59.23% of persons.

The net amount of transactions between Egyptian, Arab and foreign investors and Egyptian and Arab institutions amounted to 2.3 million EGP, 3.2 million EGP, 5.3 million of EGP, 21.9 million of EGP and 14.1 million of EGP.

The EGX30 index retreats 0.53% to close at 15297 points, the EGX 50 index retreats 0.94% to close at 2546 points, the EGX20 index retreats by 1, 01% to close at 15129 points.

The EGX70 index is down 0.23% to 740 points, while the EGX 100 index lost 0.21% to close at 1915 points, the index Nile falling by 0.37% Reaching a level of 474 points.

The shares of 32 companies listed on the stock exchange were closed at the close of trading and plunged 101 companies, without changing the levels of 40 companies.

10 companies

10 companies listed on the Egyptian Stock Exchange announced that there was no contractual relationship or badociation with Abraaj Capital Group and its subsidiaries. Contractual or inter-company relations and Abraaj Capital Group, after the liquidation of the Group and the cessation of its investments.

List of Northern Enterprises: Cairo Mills and Bakeries, Egyptian Iron and Steel, East Delta Flour Mills, Modern Insulation Materials – Modern Bitumod, Arab Dairy Arab Dairy, Orascom Telecom, Media and Technology Holding, Cement Misr Beni Suef, Tourist, investment in the city of Nile.

Abraaj Holding announced last month that it had appointed a temporary court in the PwC Cayman Islands as a temporary intermediary for Abraj Holding and Deloitte as a temporary shelter for Towers Investment Management Limited, having filed its demand in the Cayman Islands last week. For the crisis society.

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Financial Services Strategy

The Board of Directors of the Egyptian Financial Supervisory Authority recommended the existence of programs and programs Specific timelines for monitoring the implementation of the 2018/2022 National Non-Banking Financial Services Strategy Annually to ensure that the objectives it contains are met.

"The adoption of a national strategy for the nonbank financial sector is an essential step in building an advanced financial sector open to the world and capable of contributing effectively to sustainable development for realize the vision of Egypt 2030 ". The Council agreed to give its members more time to express their final opinion on the strategy, which will be presented in its final form at the next Council meeting to be declared final in coordination with the competent authorities.

million. Mohamed Omran, chairman of the board of directors of the Financial Supervisory Authority, said that many proposals from the community dialogue on the strategy had been taken in April.

The objective of the strategy is to ensure the financial inclusion and contribution of the non-bank financial sector to the financing of projects, including small and medium-sized enterprises and microenterprises, allowing all sectors of society, especially women and youth. He added that the philosophy of the Egyptian Financial Supervisory Authority (EFSA) will focus in the next phase on becoming an effective pillar for providing finance, increasing disclosure, transparency and combating corruption.

Inventory Indices

The Stock Exchange on Monday decided to adopt the amendments approved by the Indicators Committee as part of the semi-annual periodic review of D & D indicators. next Wednesday, August 1st.

The Exchange conducts two reviews each year for indicators ending on January 1, the first to begin February 1 and the second ending in July and to begin in early August. All indicators.

The Egyptian stock market indexes experienced a number of changes during the period of the second periodic review during 2018, with 6 companies coming out of the main EGX30 index compared to 5 new companies.

The difference between the output of 6 companies and the entry of only 5 companies is due to the division of the Arab Cotton Ginning Company at Qbadima Company, to the Arab Cotton Ginning Company and to the Arab Asset Management and Development Division after the last periodic review last January.

The chairman of the board of directors of the Stock Exchange, Mohamed Farid, said that the periodic review of market indices and amendments is supposed to reflect the development of trading indicators, based on the criteria specified for the components of the different indicators. 19659002]

Farid said in a press release Monday that the stock market management has a serious vision of reviewing all sectoral indicators and updating them to meet the best international standards.

Equities also saw EGX50 EWI equal weights exclude 9 companies. The EGX70 index has witnessed the release of 20 companies, of which 5 have joined the EGX30 index, while EGX100 has seen 16 companies come out against 15 new companies.

The annual review of the ESG S & P / EGX index allowed to release 9 companies.

The Nile Index also saw the exclusion of a company as a result of repeated violations, bringing the number of companies listed in the index to 26 companies, where n & # 39; does not require the Nil index methodology a specific number of its constituent companies.