The Egyptian Stock Exchange indices continued to rise in the middle of the trading session on Sunday, the beginning of the week’s sessions, driven by purchases from Egyptian and Arab dealers, while foreign transactions tended to sell.
The EGX30 index rose by 0.25% to reach the level of 10614 points, the EGX50 index rose by 0.62% to reach the level of 2096 points, and the EGX 30 index of determinant weights jumped by 0.49% to reach the level of 12862 points, The EGX 30 overall return index decreased by 0.19% to reach the level of 4117 points.
The index of medium and small companies "EGX 70 is equal weights" increased by 0.53% to reach the level of 2142 points, and the index of "EGX 100 equal weights" increased by 0.49% to reach the level of 3065 points, while the Nile Stock Exchange index decreased by 0.21% to reach the level of 2142 points. To the level of 1236 points.
In a related context, the Egyptian Stock Exchange Administration announced that it would suspend trading on 15 shares for a period of 10 minutes because they exceeded the 5%, up or down, during the trading session today, Sunday, and they are; Acromisr for Formwork and Metal Scaffolding, Egyptian Real Estate Group, Architectural Engineering Industries for Construction and Development - ICON, El Obour Real Estate Investment, Arab Investment Forum, Alexandria Mills and Bakeries, Nozha International Hospital, Arab Ceramics - Remas, Kafr El Zayat Pesticides and Chemicals, Middle Egypt Mills, Saba International For pharmaceutical and chemical industries, Arab aluminum, North Cairo mills and bakeries, Ajwa Food Industries-Egypt, GlaxoSmithKline.
In the same context, the transactions of insiders, the main shareholders and the groups associated with them varied during the trading session last Thursday, as the Board of Directors of the Cairo Oil and Soap Company sold 2.1 million shares, while the Board of Directors of the Egyptian Companies for the Development of the Building Industry (Lift Slab Egypt), the Oriental Carpet Weavers, bought Palm Hills Development Company, 3 million shares, 1.5 million shares, 154.9 thousand shares, respectively.
In another context, Misr Aluminum Company announced the awarding of the tender in the public tender to provide qualified and experienced consulting services in developing feasibility studies and implementing a project (a car rims production line) on the bid submitted by Sigman Engineering Consulting Group.
In a separate context, El Sewedy Electric announced the acquisition of 95% of PT CG Power Indonesia, a prominent manufacturer of electrical power transformers in Indonesia, with a production capacity of 10 thousand megawatts. The company provides maintenance services throughout the life of the transformers in addition to the construction of transformer stations. And that the company exports its products to multiple countries in the region, including Malaysia, the Philippines, New Zealand, Australia and Vietnam, and the acquisition of 100% of Validus Engineering PVT LTD, the leading manufacturer of electric power transformers in Pakistan, and the company plans to introduce its technology for power transformers to enhance The company grows to reach a production capacity of 5500 MVA.
The company added, in a statement to the Egyptian Stock Exchange, today, Sunday, that these recent additions will lead to an increase in the total transformer factories of El Sewedy Electric Company to 6 factories and will increase the annual production capacity by more than doubling to 30 thousand megawatts.
In another matter, Speed Medical announced the latest developments in the company's activity according to the announced future plan, which is the opening of its second specialized clinic in Heliopolis, and the increase in the number of medical analysis laboratories branches to 110 branches, and the company aims to reach the number of laboratory branches to 140 branches by the end of this year, and approval of The acquisition of Al-Safwa Hospital by increasing the capacity from 67 beds to 150 beds at an investment cost of 75 million pounds, and with regard to Speed Al-Obour Hospital, it will be operated to receive patients during the month of July after raising the capacity from 65 beds to 140 beds.
The United Arab Stevedoring Company announced the business results for the financial period ending on March 31, 2021, and the company achieved revenues of 9.3 million pounds during the current period compared to 8.4 million pounds during the comparative period in 2020 with a growth rate of 11.2%, and the losses of the company after tax decreased to 21.4. One million pounds compared to 22.7 million pounds, a growth rate of 5.4% during the comparison period.
Meanwhile, the Egyptian Chemical Industries Company - Kima announced that the Board of Directors unanimously approved the selection of Engineer Mohamed Hassanein Radwan Othman as the Executive Managing Director of the company, provided that he would receive a salary in accordance with the financial transaction contained in the letter of the Chairman of the Board of Directors of the Holding Company for Chemical Industries.
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