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The Egyptian Stock Exchange continues to rise in the middle of trading, driven by local and Arab purchases


The Egyptian Stock Exchange indices continued to rise in the middle of Monday's trading session, driven by purchases from Egyptian and Arab dealers, while foreign transactions tended to sell.

 

The “EGX30” index rose by 0.58% to reach the level of 10,212 points, and the “EGX50” index rose by 0.61% to reach the level of 2110 points, and the “EGX30” index of weighted weights jumped by 0.62% to reach the level of 12580 points. The "EGX30" total return index increased by 1% to reach the level of 3,997 points.

 

The index of medium and small companies "EGX70 of equal weights" rose by 0.91% to reach the level of 2317 points, and the "EGX100 index of equal weights" rose by 0.8% to reach the level of 3250 points, and the Excellence Index increased by 1.39% to reach the level of 3,250 points. 2,679 points.

 

In a related context, the Egyptian Stock Exchange announced the suspension of trading on 10 shares for a period of 10 minutes, for exceeding the 5%, up or down, during today's trading session, and they are; Zahraa El Maadi for Investment and Development, Arab Forum for Investments, General for Land Reclamation, Development and Reconstruction, Ajwaa for Food Industries - Egypt, Ismailia National for Food Industries, Arab for Land Reclamation, Rubex International for Plastic and Acrylic Manufacturing, Cairo for Housing and Development, Golden Tex Wools, Arab Ceramics - Ceramica Remas

 

In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during a trading session yesterday, as the Board of Directors of the Egyptian Companies for the Development of the Construction Industry (Lift Slab Egypt), the Egyptian Real Estate Group, the pioneers of tourism, the Arab Rocks for Plastic Industries sold 3.4 million shares, 2.1 million shares , 27,839 shares, 160,000 shares, respectively, and a group linked to the Rowad Tourism Company - Rowad sold 52,200 shares, while the board of directors of the Egyptian Real Estate Group bought 67624 shares, and a group linked to the Arab Company for Engineering Industries bought 117 thousand shares.

 

In a separate context, Orascom Construction B.V. The. C, the company’s board of directors approved the distribution of dividends to the company’s shareholders in the amount of $0.2313 per share, provided that the profits are due to shareholders owning shares on August 2, and that distribution will take place on August 10, and the company distributes profits in US dollars to shareholders who own shares in Nasdaq Dubai and in Egyptian pounds to shareholders owning shares in the Egyptian Stock Exchange. The currency conversion rate will be calculated according to the selling price of the US dollar against the Egyptian pound announced by the Central Bank of Egypt on July 11.

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