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Leading shares fall on the main index of the Egyptian Stock Exchange in the middle of trading

The performance of the Egyptian Stock Exchange indices varied, in the middle of Sunday’s trading session, the beginning of the week’s sessions, as the main index declined under pressure from the decline of a number of the leading stocks, led by the Financial Group Hermes Holding, Alexandria Mineral Oils-AMOC, Ezz Steel, Egypt for Fertilizer Production-MOPCO, Ibn Sina Pharma, El Sewedy Electric, Speed ​​Medical, while the EGX70 and EGX100 indices rose, amid local purchases, while Arab and foreign transactions tended to sell.


The "EGX30" index declined by 0.02% to reach the level of 10,639 points, and the "EGX50" index rose by 0.43% to reach the level of 2349 points, and the "EGX30" index of weights decreased by 0.15% to reach the level of 12,998 points. The "EGX30" total return index fell by 0.07% to reach the level of 4,153 points.


While the index of medium and small companies "EGX70 of equal weights" rose by 1.28% to reach the level of 2799 points, and the "EGX100 index of equal weights" rose by 0.81% to reach the level of 3752 points, and the index of excellence increased by 0.27% to reach the level of 4253 points.


In a related context, the Egyptian Stock Exchange announced the suspension of trading on 8 shares for a period of 10 minutes for exceeding the 5% up or down during the trading session today, Sunday, and they are Al-Mansoura Poultry, the Integrated Group for Engineering Works, Al-Badr Plastic, the Pharmaceutical Union for Medical Services and Investment, International Fertilizers and Chemicals. , International for Medical Industries - IKME, MB Engineering, Recap Financial Investments.


In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during the trading session last Thursday, as the board of directors of Zahraa El Maadi for Investment and Development, Kafr El-Zayat Pesticides and Chemicals, United Housing and Development, the Egyptian Real Estate Group sold 50 thousand shares, 7 thousand shares, 3.15 One million shares, 9.8 million shares, respectively, and a group linked to the Construction and Engineering Consulting Company sold 20,000 shares, and a major shareholder in the Egyptian Company for Touristic Resorts sold 700,000 shares, while the board of directors of my Gulf Canadian Arab Real Estate Investment Company bought the Solidarity Brothers for Real Estate Investment and Food Security. 1,000 shares and 25,000 shares, respectively, and a major shareholder in Nozha International Hospital Company bought 11,490 shares.


The Egyptian Real Estate Group Company announced that the shareholder, Ali Mahmoud Abdel Latif Mahgoub, sold 14 million shares at a price of 6.20 pounds, with a total value of 86.8 million pounds, bringing his shareholding percentage down from 4.2139% to 0.7139%. The deal was executed through Mubasher International for Securities Trading.


In another context, the Iron and Steel Company for Mines and Quarries announced that it achieved revenues of 41.5 million pounds during the period ending on June 30, 2021, and the net profit after tax amounted to 5.5 million pounds. To finished products, adjusting the directive of raw materials sold to exported raw materials to the Egyptian Iron and Steel Company (Qasima) at cost, calculating provisions other than depreciation, and calculating income taxes for net profit at a rate of 22.5%.


El Nasr Garments and Textiles Company (Kabo) also announced that net sales amounted to 273.54 million pounds until the end of June 2021, compared to 367.3 million pounds sales during the period ending in 2020, a decrease of 26%, and the company turned into a net loss of 42.9 million pounds, compared to a net loss of 42.9 million pounds. A profit of 21.5 million pounds, a decrease of 300%.