After closing yesterday in contrast, the Egyptian Stock Exchange opened trading on Monday with a general increase in the indications.
The “EGX 30” index grew by 0. 14% to 10272 points, the “EGX 50” index gained by 0. 23% to 1956 points, and the “EGX 333” index increased by 0. 16% to 12623 points. The EGX30 index rose by 0. 4% to 4206 points.
The “EGX 70 is equal to weights” index of medium and small businesses increased by 0.
The “EGX 100 Equal” index increased by 0. 38% to a level of 3208 points, and by 49% to a level of 2250 points.
The Stock Exchange further disclosed that a deal involving 108.6 million shares of the ready-made clothing company valued at 36.7 million pounds was implemented using the Block Trading method.
The United Housing and Development companies, the General Contracting and Real Estate Investment, and the Egyptian electrical cables, and Orascom Financial Holding, announced the first purchase of 55 thousand shares during yesterday’s session on Sunday, and thus the total percentage of the treasury shares in the company possesses 1. 37%, and the second purchase of 150 thousand treasury shares reaches Consequently, the rate on all Treasury securities is 2. 41%, and the third purchase is 2.
425 million shares, making the overall treasury share rate 2. 91%, and 5 million shares are being purchased for the fourth.
In the same context, internal transactions, major shareholders and groups associated with them differed during a trading session on Sunday, as he sold the Board of Directors of Mansoura Poultry Companies, the Arab Company for Management and Development of Assets, International Fertilizers and Chemicals 2. 5 million shares, 1.
4 million shares, 10000 shares, and sold, respectively. A group associated with the Arab dairy company “Arabi Derry-Panda,” the Egyptian Real Estate Group, International Fertilizers and Chemicals, and the management of the Egyptian Tourist Resorts Company, respectively, sold 650 thousand, 1. 8 million, and 10,000 shares each.
While the Board of Directors of the Pioneers Protections for Urban Development purchased a feasibility for industrial development, Egyptian Tourism Resorts purchased 455 500 shares, 30 000 shares, 1. 36 million shares, and 1. 2 million shares, respectively, from CI Capital Holding for Financial Investments.
In a separate context, Orascom Investment Holding Company said regarding the loan submitted to the company from its subsidiary, Chio Technology Company (Coriolink), in the amount of 81.
Shio Technology has supplied all of its shareholders with loans totaling 7 million euros, which is a decent loan that prevents discrimination amongst shareholders by allocating loans based on each shareholder’s percentage ownership in the business.
On the other hand, Raya Holding Company for Financial Investments said that the purchase of 300,000 shares of Haier Raya Electric for manufacturing has been implemented, which represents a share of 10. 27% of the target company’s capital, in exchange for a total value of 159.
The price paid in cash to purchase shares is 14.7 pounds per share, or 47.7 million pounds overall.
At the start of Monday’s session transactions, all indicators on the Egyptian Stock Exchange rose collectively.
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