Egyptian Stock Exchange News
Egyptian Prime Minister Dr. Mostafa Medbouly held a meeting to discuss ways and means of activating the stock market in order to continue its role as a supporter of economic and social development plans.
Speed Medical
The director of the launch of Speed Medical, the end of the calculation of the stability of the share price of the company on the Egyptian stock exchange on Tuesday.
In a statement to the Egyptian Stock Exchange, Fleet Securities said in a statement on Monday that the duration of the stock price calculation as stated in the 30-day Speed Medical newsletter starts from the first day of trading on the Egyptian stock exchange.
The Egyptian Stock Exchange approved the listing of the shares of Speed Medical, on the Nile Stock Exchange – the SME market, with a capital of 52 million pounds, distributed over 52 million shares, with nominal value of one pound per share.
The stock market is losing 7 billion pounds
The stock market closed down Monday, despite the pressure of sales of Arab and foreign dealers, and the market capitalization of 7 billion pounds to close at 761.827 billion pounds.
The volume of trading on the shares amounted to 124 million securities worth 686 million pounds, through the implementation of 16.2 thousand transactions for 163 companies, the Egyptian transactions accounted for 61.78% of the total transactions, while foreigners accounted for 30.36%, and Arabs at 7.86% during today's trading session, and acquired Institutions accounted for 60.55% of transactions in the stock exchange. The rest of the transactions were for individuals at 39.44%.
The net transactions of Egyptian and Arab and foreign companies for sale amounted to EGP 3.7 million, EGP 45.3 million and EGP 25.5 million respectively. The net transactions of Arab and foreign investors and Egyptian institutions were EGP 17.3 million, EGP 693 thousand and EGP 56.6 million, respectively. .
The index of "EGX 30" by 1.53% to close at 13905 points, and the index "EGX 50" by 1.2% to close at 2112 points, and the index "EGX 30 weights" by 1.12% to close at 17250 points.
The index of EGX70 shed 0.24% to close at 620 points. The EGX 100 index shed 0.46% to close at 1576 points. The Nile index fell 0.63% to close at 459 points.
Shares of 28 listed companies closed at the close of trading, down 89 companies, and 46 companies remained unchanged.
Meeting of the Prime Minister
Prime Minister Dr. Mostafa Madbouly held a meeting to discuss ways and means of activating the stock market to continue its role as a supporter of economic and social development plans, in the presence of Mohamed Farid, President of the Egyptian Stock Exchange.
Nader Saad, the official spokesman of the Council of Ministers, said that the meeting dealt with the latest developments and developments in the performance of the Egyptian stock exchange and discussed the possibility of overcoming the obstacles that prevent the development of the stock market. All government parties attending the meeting expressed great flexibility in supporting the markets. the money.
During the meeting, they discussed how to increase the efficiency of the capital market by reducing the cost of transactions.
During the meeting, the attendees reviewed a draft law regulating the implementation of the provisions of nullification of the sale of a number of government companies, which was approved in parliament yesterday, which will contribute to accelerating the settlement of disputes of a number of government companies belonging to the state and listed on the stock exchange, And preserves the right of serious investor.
At the end of the meeting, the Prime Minister affirmed that this meeting reflects and confirms the interest of the political leadership and the government in the capital market and the bodies working in it, which contributes to pushing the work and fulfilling its role in order to stabilize the money market and to achieve the required trading rates.
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