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(MENAFN – Youm7) The Egyptian Stock Exchange (EGX) was the most traded action during the session of Sunday, 8-08-2019. Market value of 2.4 billion pounds to close at 720.022 billion pounds.
Suspension of trading of 13 companies
The Egyptian Stock Exchange (EGX) has decided to suspend the trading of 13 companies for 10 minutes to exceed 5% during the session on Sunday.
Egyptian Society of International Tourism Projects, National Real Estate Bank, Naeem Holding for Financial Investments, Right to subscribe to an Egyptian Company for the Development of the Construction Industry, Ismailia National Alexandria for Portland Cement, Egyptian for Tourist Centers , Al Nasr for civil works, Orascom Development Egypt.
The stock market gains 2.4 billion pounds
The Egyptian stock market ended Sunday's trading session with a collective rise in all indices, driven by purchases from foreign brokers, whose market capitalization increased by 2.4 billion EGP, to reach 720.022 billion EGP.
The stock trading volume 164 million shares worth 445.2 million pounds, through the implementation of 14.8 thousand transactions for 155 companies, transactions of Egyptians 78.58% of the total transactions, while foreigners accounted for 15.95% and Arabs at 5.47% during the trading session of today, and acquired the institutions accounted for 37.74% of transactions in the remaining 62.35% of retail transactions.
The net transactions of Egyptian, Arab and foreign individuals and Egyptian and Arab institutions for sale amounted to 27.7 million EGP, 8.8 million EGP, 4.8 million EGP, 964,000 EGP and EGP 6.4 million, respectively, while net institutional investors generated EGP 48.7 million, respectively.
The EGX30 index rose 0.67% to close at 13616 points, while the EGX 50 index rose 0.66% to stand at 198 points, while the index of EGX30 rose 0.67% to settle at weighting index EGX30 increased by 0.43% to close at 16546 points.
In contrast, the EGX70 index rose 0.06% to close at 522 points, while the EGX 100 index rose 0.37% to close at 1364 points and that index Nile Stock Exchange fell 0.75% to close at 463 points.
Shares of 57 publicly traded companies closed at market close, while 61 companies declined and 37 companies remained unchanged.
Mobco
The Egyptian Fertilizer Corporation (MOPCO) has announced its independent financial results during the first half of the current fiscal year, reaching 1.27 billion Egyptian pounds in the first half of the fiscal year, compared to 1 , 21 billion in the same period last year. Net profit reached 406 million Egyptian pounds against 629 million pounds sterling The pound fell by 35.4%.
Global Telecom
The Egyptian Equities Exchange (EGX) announced that the deadline for the registration of buy and sell orders for Global Telecom Holding Company (TGC) shares would be Tuesday, August 6th.
City of Media Production
The Egyptian company for media production City reported a net profit of 48.13 million Egyptian pounds in the first half of this year, compared to 52.6 million Egyptian pounds for the corresponding period of 2018, a decrease of 8.6 %.
National Bank of Investment
The National Investment Bank announced the sale of National Investment Bank Portfolio 1 and 4, its interest in Al-Tawfiq Leasing Leasing Company (5.9%), for an amount of 2.29 million shares, for an amount of EGP 8.27 million, or 3.6 EGP per share. The first portfolio sold 2.42 million shares, worth EGP 8.72 million, or 3.6 per billion.
Prime Holding for Financial Consultancy bought 9.99% of the capital of the leasing company Al-Tawfeek (ETEL).
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