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Local sales fall in the Egyptian Stock Exchange indices in the middle of Monday's session

The Egyptian stock market indices fell, in the middle of today's session, under the pressure of sales of Egyptian dealers, while Arab and foreign dealings tended to buy.


The EGX30 index declined by 0.03% to reach the level of 10808 points, the EGX50 index fell by 0.38% to reach the level of 2196 points, and the EGX30 index of determinant weights decreased by 0.18% to reach the level of 13250 points. The EGX30 overall return index fell by 0.6% to reach the level of 4207 points.


The index of medium and small companies, "EGX 70 is equal weights", decreased by 0.48% to reach the level of 2247 points, and the index of "EGX 100 is equal weights" fell by 0.45% to reach the level of 3199 points, and the Nile Stock Exchange index fell by 0.04% to reach the level of 2247 points. The level of 1266 points.


In a related context, the Egyptian Stock Exchange Administration announced the suspension of trading on 17 shares for a period of 10 minutes because they exceeded the 5%, up or down, during today's trading session, and they are; Al Gharbia Islamic Urban Development, Marsa Marsa Alam for Tourism Development, Universal for the manufacture of packaging materials and paper - Unipack, Ismailia National for Food Industries (Vodeco), Egypt Fertilizer (Egifert), Sinai Cement, El Obour Real Estate Investment, Egyptian Real Estate Group, General for Porcelain and Chinese Products, Egyptian Iron and Steel, Giza General Contracting and Real Estate Investment, Ajwaa for Food Industries - Egypt, Delta for Reconstruction and Development, Al-Tawfiq Financial Leasing - ATLess, North Cairo Mills and Bakeries, North Upper Egypt Development and Agricultural Production (NUDAP), Pioneers of Tourism - Pioneers.


In the same context, the transactions of insiders, the main shareholders and the groups associated with them varied during the trading session yesterday, Sunday, as the Board of Directors of the Medical Packaging Company sold 2 million shares, while the Board of Directors of Zahraa Maadi Investment and Development Company bought the Egyptian Real Estate Group, Al-Badr Plastic, 105 thousand shares, 79986 Two shares, 50 thousand shares, respectively, and the management of Edita Food Industries, Pyramisa for Hotels and Tourist Villages-Pyramisa bought 200 shares, 25,347 shares, respectively, and a major shareholder of the Egyptian Tourist Resorts Company bought 100 thousand shares.


In a separate context, a number of companies listed on the Egyptian Stock Exchange announced the results of their business for the period ending on April 30, and the Misr Oils and Soap Company achieved total revenues during this period amounting to EGP 1.282 billion compared to EGP 1.274 billion in the same period last year, and the surplus reached Before taxes, losses of 11.002 million pounds compared to 15.005 million profits in the corresponding period last year, and compared to 1.667 million pounds, profits of the target of the period, and the company attributed the reason for the losses to the increase in the prices of crude oil, according to the letter of the Holding Company for Food Industries without increasing the selling prices.


The General Company for Ceramics and China Products also announced the results of the initial activity on April 30, 2021, with a net profit of 3.277 million pounds compared to a net loss of 36.062 million pounds for the corresponding period of the previous year, and the approval of the holding company’s approach regarding looking into the reconciliation of the company's conditions, in line with Public Business Sector Companies Law No. 185 of 2020 and its implementing regulations.


The Nasr Company for Civil Works announced the business results for the period ending on March 31, 2021, and the company achieved revenues of 46.7 million pounds compared to 56.6 million pounds during the same period last year, a decrease of 17.64%, and the company turned to losses amounting to 2.5 million pounds compared to 4 million pounds. Profits last year with a growth rate of 162.85%, due to the losses due to the crisis that faced the country during the previous period, which resulted in a decrease in operating income.


In another matter, the Egyptian Iron and Steel Company demanded to stop dealing in the company's shares as of the beginning of the trading session on Tuesday 25 May 2021, and until the presentation to the Egyptian Stock Exchange Registration Committee to consider approving the reduction of the capital of the Egyptian Iron and Steel Company (the distributor company) and the registration of the shares of the company Iron and steel for mines and quarries (split company).