Egyptian Stock Exchange News

Economy and stock exchange

The Egyptian Stock Exchange [EGX] traded on Tuesday 16-5-2019, the most important of which was the Egyptian Stock Exchange ending the session on Tuesday, midday of the week, with a collective rise of all indices driven by buying from Egyptian and Arab dealers. Pounds to close at 743.340 billion pounds.

Silos for storage

The Board of Directors of General Silos and Storage Company announced that the company's net profit during the first 10 months of the fiscal year 2018-2019 increased by 4.4% year on year.

In a statement issued on Tuesday, the Egyptian Stock Exchange said it recorded a net profit of LE 85.24 million during the period, compared to 81.58 million pounds in the same period last year.

The company reported a net profit of 75.1 million pounds from the beginning of July to the end of March, compared to 72.18 million pounds in the same period last year.

During the same period, the company's revenues increased by 4.2% to reach 294.12 million pounds, compared to revenues of 282.26 million pounds during the nine months of last year.

The stock exchange is worth LE 9.5 billion

The Egyptian Stock Exchange ended the session on Tuesday with a collective rise in all indices led by buying from Egyptian and Arab dealers. The market capitalization rose by 9.5 billion pounds to close at 743.340 billion pounds.

The volume of trading on the shares amounted to 100.1 million securities worth 543.7 million pounds, through the implementation of 17.2 thousand transactions for 162 companies, the Egyptians accounted for 55.57% of the total transactions, while foreigners accounted for 35.78%, and Arabs at 8.65% during the trading session today, and acquired Institutions accounted for 57.60% of the transactions in the stock exchange, and the rest of the transactions were for individuals at 42.39%.

The net transactions of Egyptian individuals and foreign institutions amounted to EGP 16.6 million, or EGP 43.8 million. The net transactions of Arab and foreign investors and Egyptian and Arab institutions were EGP 15.9 million, EGP 9.2 million, EGP 34.2 million and EGP 1.1 million, respectively.

The EGX30 index rose by 1.75% to close at 13614 points. The EGX 50 index rose 2.08% to end at 2032 points. The EGX30 index of weights increased by 1.87% to close at 16840 points.

The index of EGX70 rose by 0.46% to close at 602 points. The EGX 100 index increased by 0.69% to close at 15297 points. The Nile Stock Exchange index rose by 0.08% to close at 457 points.

Shares of 98 listed companies closed at the close of trading, 23 companies were down and 41 companies were unchanged.

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