Egyptian Stock Exchange News Monday, 3-6-2019

Economy and stock exchange

Egyptian Stock Exchange (EGX) diversified during the trading session on Monday 3-6-2019. The most important of these was the Egyptian Stock Exchange ending the last session of the month of Ramadan with a collective rise of all indicators, led by buying from Egyptian dealers. Billion pounds to close at the level of 745.124 billion pounds.

The stock exchange is gaining 3.2 billion pounds

The Egyptian Stock Exchange ended the last session of the month of Ramadan with a collective rise of all indices, led by buying from Egyptian dealers. The market capitalization rose by 3.2 billion pounds to close at 745.124 billion pounds.

The volume of trading on the shares amounted to 60 million securities worth 302 million pounds, through the implementation of 10.9 thousand transactions for 150 companies, the Egyptians accounted for 60.56% of the total transactions, while foreigners accounted for 35.31%, and Arabs at 4.13% during the trading session today, and acquired Institutions accounted for 52.61% of transactions in the stock exchange. The rest of the transactions were for individuals at 47.38%.

Ibn Sina Pharma

The stock exchange announced the execution of a transaction through the large-volume transactions (BLOCK TRADING) on the shares of Ibn Sina Pharma, the issuer, for 2.25 million shares with a total value of 26.842 million pounds.

Ibn Sina Pharma achieved profits of LE 262.52 million during the period from January to December 2018, compared to a profit of LE 170.13 million in the previous year.

Revenues of the company's activity during the last year rose to LE 13.6 billion compared to revenues of LE 9.8 billion in the previous year.

Global Telecom

The Listing Committee of the Egyptian Stock Exchange decided on Monday to impose a financial commitment on Global Telecom of 50,000 pounds to be paid within 15 days from the date of notifying the company of the decision of the registration committee. , In violation of the provisions of Article (27) of the rules of registration and cancellation of securities and Article (39) of the executive procedures.

Article 27 of the Listing Rules stipulates that "the Exchange shall publish the disclosures received by the Authority or the data and information that the entities and companies shall notify the Stock Exchange in accordance with the provisions of these Rules.

In all cases, companies and entities with restricted securities shall comply promptly with the stock exchange inquiries. The stock exchange shall, after listing and offering the securities, review the extent of deviation between the results achieved by the company or the entity, and the report of the independent financial advisor on the fair value or work plans adopted by the sponsor. For small and medium-sized enterprises, with notice to the Commission in the event of substantial deviations to take what is required in accordance with the provisions and rules.

Egypt South Africa

The Listing Committee of the Egyptian Stock Exchange (EGX) decided on Monday that the period of freezing on the shares of Egypt Telecom South Africa (STC), either for the original listing shares or the cash dividend shares, is over, due to the end of the period for the main shareholders of the company to retain the shares listed in item (8) 9) of the rules of registration and cancellation of securities.

The committee decided to resume trading on the shares of Egypt Telecom South Africa as of the beginning of trading session on Sunday, with the notice of the Egyptian Company for Clearing and Central Depository decision of the registration committee for the affairs of its affairs to free the freeze on the shares of the company unless they are frozen for another reason.

The Committee decided to notify the Financial Audit Authority of the decision of the Registration Committee to attach to the notice a copy of the undertaking submitted by the main shareholder Sharif Mohamed Salah Eddin on January 31, 2018, and the previous notice to the Authority, for the work of its affairs regarding the failure of the major shareholder to fulfill the obligation To keep them, representing the legal violation stipulated in Article (8) of Article (63) of the Capital Market Law No. 95 of 1992.

It also decided to sign a financial commitment to the company of 25 thousand pounds, for the company's failure to comply with Article (8) of Article (9) of the rules of registration for the shares of cash increase, in light of the pledge made by the main shareholder of the company, Which caused damage to shareholders in accordance with the contract to regulate the registration of securities in the Egyptian Stock Exchange and concluded with the company.

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