Egyptian Stock Exchange

Egyptian Stock Exchange index closed the session at the end of the week, led by buying from foreign dealers. The market capitalization rose by EGP 2.9 billion to close at EGP 765.998 billion.

Egyptian Stock Exchange (EGX) ended the session on Thursday, ending the week’s session, led by buying from foreign traders. The market capitalization rose by EGP 2.9 billion to close at EGP 765.998 billion.

The volume of trading on the shares amounted to 118 million securities worth 446.7 million pounds, through the implementation of 15.9 thousand transactions of 167 companies, the Egyptians accounted for 64.19% of the total transactions, while foreigners accounted for 28.9%, and Arabs at 6.91% during today’s trading session, and acquired Institutions accounted for 43.24% of transactions in the stock exchange, while the rest of the transactions were for individuals at 56.75%.

The net transactions of Egyptian, Arab and foreign individuals amounted to EGP 32.9 million, EGP 6.1 million and EGP 71 thousand respectively. The net transactions of Egyptian, Arab and foreign companies were EGP 17.8 million, EGP 4.92 million and EGP 16.4 million respectively. Straight.

The EGX30 index rose 0.24% to close at 14060 points. The EGX30 index rose by 0.09% to close at 2116 points. The EGX30 index of weights increased by 1.01% to close at 17336 points.

The index of EGX70 rose by 0.26% to close at 620 points. The EGX 100 index increased by 0.28% to close at 1579 points. The Nile Stock Exchange index decreased by 0.59% to close at 461 points.

Shares of 50 listed companies closed at the close of trading, down 77 companies, and 40 companies were unchanged.
The Egyptian Iron and Steel Company announced the rejection of the decision of the Holding Company for Metallurgical Industries to study the only offer submitted by the Russian company Mit Brom on the rehabilitation, development and management of Egyptian iron and steel.

The company attributed the reason for the rejection to the offer by the Russian company Mitrom, not suitable for the development of the company, and is not compatible with the invitation of partnership.

Iron and Steel Company suffered losses of LE 531.28 million from the beginning of July 2018 to the end of March 2019, compared to 456.62 million pounds losses during the same period last year.

The company’s revenues decreased during the period to reach LE 928.04 million by the end of March compared to LE 1.25 billion during the same period last year.

The Egyptian Stock Exchange (EGX) canceled operations on Egyptian Iron and Steel Company before announcing the event.

Reviewer overview

Egyptian Stock Exchange - /10

Summary

Egyptian Stock Exchange index closed the session at the end of the week, led by buying from foreign dealers. The market capitalization rose by EGP 2.9 billion to close at EGP 765.998 billion.

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