Egyptian Stock Market News Sunday, 29-7-2018

The Egyptian Stock Exchange (EGX) diversified during the trading session on Sunday 29/7-2018, the most important of which was the end of the Egyptian stock market, the trading session on Sunday, early in the week, a collective increase of all indicators It is worth to close 6.9 billion pounds at the level of 865.341 billion pounds.

The stock market earns 6.9 billion pounds.

The Egyptian Stock Exchange closed the session of the week of Sunday with a collective increase of all indicators, driven by the purchase from Egyptian dealers. It is worth to close 6.9 billion pounds at the level of 865.341 billion pounds.

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The volume of transactions amounted to 187 million securities worth 402 million through the execution of 15,300 transactions, the Egyptians accounted for 88.15% total market transactions, non-Arab foreigners 5.44% and Arabs 6.81% Trading today, and institutions accounted for 21.94% of stock market transactions, and the rest of the transactions for 78.05%.

Net transactions of Arab and foreign individuals and Egyptian and foreign institutions amounted to 4.4 million EGP, 353 thousand EGP, 43,000 and 11.2 million respectively. EGP, respectively 14 and 2 million EGP.

The EGX30 index rose 1.18% to close at 15378. The EGX 50 index rose 0.70% to close at 2571 points, the EGX20 index jumped 1.60% to close at 15284 points.

The EGX70 index rose 1.04 percentage points to 742 points, the EGX 100 broadly increased 1.26% to close at 1920 points, and the number of shares rose. Nile Stock Exchange index rose 0.36% to 476 points.

The shares of 69 listed companies were closed at the close of trading, 51 companies collapsed and 50 remained unchanged.

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The postponement of the Egyptian elections for compensation

An official source at the Financial Supervisory Authority, for "Day Seven", announces the decision of the Authority to postpone the elections to the presidency of the Egyptian Compensation Company On a date to be determined later, until the decision rendered Saturday by the Supreme Administrative Court to return Mohamed Abdel Salam for the elections , and set the date of the session of candidates Ashraf Al-Dabaa and Mohamed Abdel Salam.

Atef al-Sharif, lawyer of Mohamed Abdel Salam, candidate for the presidency of the board of directors of the Egyptian Compensation, Depository and Central Registration Company, announced Saturday that he had received the call of his client to be excluded from the presidential election Scheduled for Monday.

Sharif added in a statement to the "seventh day" that his rival Ashraf al-Dabaa filed a complaint in the Supreme Administrative Court challenging his decision yesterday, and his client responded to the problem of his prosecution. ]

The Supreme Administrative Court decided Saturday to accept the appeal of Mohammed Abdel Salam against the decision of the administrative court in case No. 47326 for the judicial year 1972, in Excluding from the Misr Clearing Company board chairmanship.

Misr Clearing's Board of Directors, Depository and Central Registration Company convened a general meeting on July 30 to select a new president after the end of the council's term on July 17 and to direct the company Ashraf al-Dabaa and Mohamed Abdel Salam only. ]

Councilor Khalid Al-Nashar, Vice President of the Financial Supervisory Authority, confirmed the intention of the Commission to complete the regulatory framework of the advisory activity securities, added to the activities of companies operating in the securities field. According to a decision of the Minister of Investments in 2007, and the Authority's management interaction with the fact that the stock market is one of the main factors of attraction of foreign investment in Egypt, the market attracted about 1164 foreign institutions and funds to the Egyptian market.

According to a statement released on Sunday, the value of shares listed on the Egyptian stock market increased by 37% in 2017 compared to the previous year to reach 825 billion pounds against 602 billion pounds in 2016, while the value of the main index of the stock market With more than 124% over the past two years, this forces us to not accept the professional competence, impartiality and neutrality of the appraiser and to be totally independent candidate and related parties or institution or project evaluated, including This lack of a common or conflicting interest relationship.