Egyptian Stock Exchange News

Economy and stock exchange

The Egyptian Stock Exchange [EGX] diversified during the trading session on Monday 10-6-2019. The most important of these was the end of the Egyptian Stock Exchange [EGX] on Monday, with a collective rise of all indices, driven by buying from Egyptian and Arab dealers. The market capital increased by 10.2 billion pounds to close at The level of 761.181 billion pounds.

The stock exchange is worth LE 10.2 billion

The Egyptian Stock Exchange ended the trading session on Monday with a collective rise of all indices, driven by buying from Egyptian and Arab dealers. The market capitalization rose by 10.2 billion pounds to close at 761.181 billion pounds.

The volume of trading on the shares amounted to 172.9 million securities worth 929.3 million pounds, through the implementation of 25.3 thousand transactions for 168 companies, the Egyptians accounted for 64.54% of the total transactions, while foreigners accounted for 30.39%, and Arabs at 5.07% during the trading session today, and acquired Institutions accounted for 51.14% of the transactions in the stock exchange, and the rest of the transactions were for individuals at 48.85%.

The net transactions of Egyptian and Arab and foreign companies for sale amounted to EGP 24.4 million, EGP 3.4 million and EGP 35.5 million respectively. The net transactions of Arab and foreign investors and Egyptian institutions tended to buy at EGP 12.1 million, EGP 1.3 million and EGP 49.96 million, respectively. .

The "EGX30" index rose 1.71% to close at 14148 points, the index of "EGX 50" by 2.02% to close at 2138 points, and the index "EGX 30 weights" by 1.94% to close at 17579 points.

The index of EGX70 rose 0.59% to close at 604 points. The EGX 100 index increased by 0.78% to close at 1544 points. The Nile Stock Exchange index gained 0.42% to close at 455 points.

Shares of 112 listed companies closed at the close of trading, down 18 companies, and 38 companies remained unchanged.

Beam

Shuaa Investment Bank said that despite net foreign inflows of LE 157 million during the period from 24 February to 3 June 2019, they have made significant investments in the financial services sector, with net inflows of LE 511 million, That Citadel Capital has attracted some of these large inflows to the sector due to the positive sentiment surrounding it, thanks to the new large refining plant which is about to be officially launched by the Egyptian Refining Company.

Shuaa added in its daily report, as foreign inflows into the real estate, oil and gas sectors amounted to 114 million pounds and 48 million pounds respectively. Meanwhile, their outflow from the services and industrial products sector, personal and household products sector reached 251 million pounds and 220 million pounds Respectively.

Shuaa pointed out that the Egyptians exchanged seats with foreigners. Egyptian investors were also net sellers during the period with an outflow of 174 million pounds. Nevertheless, they seem to have exchanged seats with foreigners, investing 178 million pounds in the industrial services and products sector , And 158 million pounds in the personal and household products sector. At the same time, outflows from the financial services sector amounted to LE 665 million, from banks to LE 143 million, from real estate to LE 104 million and from oil and gas to LE 19 million.

As for the Arabs, Shuaa pointed out that the Arabs recorded net inflows of EGP 331 million, preferring the financial services sector, such as foreigners, to pump 154 ​​million pounds in this sector. At the same time, they were net sellers in the health care and pharmaceutical sector , With net cash outflow of 153 million pounds.

Egyptian Resorts

The Egyptian Company for Tourism Resorts announced the postponement of the Ordinary General Assembly meeting to Wednesday 10 July, with the addition of the restructuring of the company at the request of some shareholders.

The company explained in a disclosure to the stock exchange on Monday the postponement decision so that the board of directors can be restructured after the completion of the amendment of the company's articles of association to allow cumulative voting in accordance with the resolutions adopted in this regard and presented to the Extraordinary General Assembly at its meeting on Tuesday, June 11, and to give sufficient opportunity to shareholders wishing to nominate the Board of Directors to submit their nominations.