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The Egyptian Stock Exchange (EGX) diversified during the trading session on Wednesday 07/07/1818, the most important of which was the announcement by Councilor Reda Abdul Muti of the decision of the Commission to exclude Mohammed Sulaiman Abdul Salam from the list of candidates for the presidency of Misr Clearing and Depository.
The Stock Exchange Loses 6.5 Billion Pounds
The Egyptian Stock Exchange ended the trading session on Wednesday with a collective decline of all indices due to pressure from Arab and foreign resellers. The market capitalization of 6.5 billion pounds will close at the level of 904.473 billion pounds.
The volume of transactions amounted to 254 million securities worth more than 711 million pounds, the Egyptians accounting for 85.71% of total market transactions, non-Arab foreigners 7 , 84% and the Arabs 6.45% The trading session of today, and institutions accounted for 30.84% of stock market transactions, and the remaining transactions for individuals at 69.15 %.
The net transactions of Arab and foreign individuals and Egyptian and foreign institutions for sale amounted to 36.7 million EGP, 2.4 million EGP, 10 , 6 million EGP and 5.8 million EGP. 53.2 million pounds, 2.3 million pounds, respectively.
The EGX30 index fell 0.68% to close at 16309. The EGX 50 index fell 0.65% to close at 2744 points, while the EGX20 index has lost 0.81% to close at 16424 points.
The index of small and medium enterprises, "EGX70" fell 0.44% to close at 804 points, and the index of "EGX 100" rose 0.81% to close at 2047 points, 0.16% to reach 466 points.
The shares of 44 listed companies were closed at market close, 86 companies fell and 41 companies remained unchanged.
The exclusion of Mohamed Abdel Salam
Councilor Reda Abdul Muti, Vice President of the Financial Supervisory Authority, announces the decision of the Commission to exclude Mohamed Suleiman Abdel Salam of the lists of candidates for the presidency of the Clearing Council The Board of Directors of the Company will convene the Ordinary General Meeting of the Company for the convening of the Chairman of the Board no later than July 30th.
This occurred after the publication of the decision No. 47942 of the year 72 BC Mohammed Suleiman Abdul Salam rejected the form of enforcement of the judgment of the Administrative Court in the case No. 46959 for the 72nd session of 30/6/2018.
The election of the Misr Clearing Company board of directors was held yesterday and a new board of directors was chosen, including Tareq Abdel Bari, vice president and general manager, Ybader Zaaa , Amro Al Janini, Amr Mostafa Ali as representatives of the guards, Ahmed Saad and Amr Mohamed Bahaa from the experience, Mustafa Ibrahim Hussein Ibrahim, Awni Abdul Aziz Yousif Ali, Rafiq Jamil Hbadan Matar brokerage, while the selection of the President of the Board of Directors has been postponed by a decision of the Financial Supervisory Authority.
Suspension of Two Brokerage Firms
The Egyptian Financial Supervisory Authority (EFSA) announced the acceptance by the Committee of grievance claims filed by Triple A Securities Brokerage and Arab Securities Brokerage. The decision to suspend the company will be activated for a period of thirty days from 04/07/2018 until 02/08/2018.
Dr. Mohamed Omran, Chairman of the Board of Directors of the Egyptian Financial Supervisory Authority, issued Resolutions No. (495), (707) for the year 2018, suspending securities brokerage companies Triple A Securities, Al Orouba Securities Brokerage Company, In accordance with the provisions of Article 30 of the Capital Market Law promulgated by Law No. 95 of 1992, because it did not abolished the violations attributed to it, the two companies complained of this decision.
2.7 million shares
The Egyptian Stock Exchange announced the total volume of orders recorded on the market of special offers on Misr Refrigeration and Air Conditioning shares (Miraco) of 2.7 millions of shares.
EGX has decided to open the operations market of the Misr Refrigeration & Air Conditioning Company (Miraco) to all shareholders opposed and affected by the decision to cancel the option , including creditors from June 27 to July 4. 19659002]
The capital of Miraco is 75 million pounds, spread over 15 million shares, with a par value of 5 pounds per share.
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