Egyptian Stock Market News

Cairo – By Mohamed Salah – The Egyptian Stock Exchange (EGX) has diversified during the trading session of today, Monday July 22, 1919-1919. The most important among them was the Egyptian Stock Exchange closing Monday's session with a collective rise in all indices, despite the low trading volumes. A value of 2.9 billion pounds to nearly 728.485 billion pounds.

The suspended companies were Delta Construction and Development, Sinai Cement, Nile Pharmaceuticals and Chemical Industry – Nile, Egyptian Portland Cement Tora, Lecico Egypt and Wadi Kom Ombo Land Reclamation.

The volume of transactions on the shares amounted to 100.2 million shares for a value of 396.8 million pounds. 12 169 transactions were completed for 169 companies. Egyptians accounted for 59.89% of total transactions. Institutions accounted for 49.75% of stock market transactions and the remaining transactions were for individuals at 50.24%.

The net transactions of individuals and foreign institutions for the sale of 43,000 pounds, 28.8 million pounds, respectively, while the net transactions of Egyptian and Arab individuals and Egyptian and foreign institutions respectively allow for the purchase of 1.1 million, 6.8 million pounds, 6.1 million pounds, 14.7 million pounds.

The EGX30 index rose 0.8% to close at 13,684 points, while the EGX30 index rose 0.31% to close in 2016. The EGX30 weighting index increased by 0.72% to close at 16788 points.

In contrast, the EGX70 index rose 0.04% to close at 531 points, while the EGX 100 index rose 0.17% to close at 1374 points and that index Nile Stock Exchange rose 0.36% to close at 465 points.

Shares of 77 publicly traded companies closed at market close, 43 companies fell and 49 companies remained unchanged.

The Committee has stated that the Company's banking technology and electronic payments will not be traded during this period from the date of registration until the beginning of the trading of such shares, except with the approval of the Financial Supervisory Authority. To the Commission.

The committee decided to include the shares of the company in the stock market database as of Monday, July 29, at the end of the registration period of 5 business days, stating that the announcement ends on Sunday, July 28th.

The Company is required to provide the Exchange with a letter from the Central Clearing and Deposit Company stating that the principal shareholders must retain at least 51% of their shares in the capital of the company, if any, if the total number of Shares held in this way is less than 25%. The remaining 25% of the contributions of the directors and founders of the company or other persons must be completed for a period of at least two years from the date of the public offering, the same percentage remaining in any increase of the capital of the company during the same period, with the exception of free shares.