Stock market news today, Thursday 11-24-2022

Stock market news today, Thursday 11-24-2022
Stock market news today, Thursday 11-24-2022

The news of the Egyptian Stock Exchange varied during today’s trading session, Thursday 11-24-2022, the most prominent of which came the end of the Egyptian Stock Exchange, the dealings of today’s session, Thursday, the end of the week’s sessions, with a collective rise in the indices, driven by purchases from Egyptian and Arab dealers, amid high trading, and the profit of market capital. 7.6 billion pounds, to close at 841.239 billion pounds.

Suspension of trading of two shares

The management of the Egyptian Stock Exchange announced the suspension of trading in two stocks for a period of 10 minutes, because they exceeded the 5% increase or decrease during the trading session today, Thursday, and they are; East Delta Mills, Integrated Group for Engineering Works.

The stock market gains 7.6 billion pounds

The Egyptian Stock Exchange ended the trading session today, Thursday, the end of the week’s sessions, with a collective rise in the indices, driven by purchases from Egyptian and Arab dealers, amid high trading, and the market capitalization gained 7.6 billion pounds, to close at 841.239 billion pounds.

The volume of trading in shares amounted to 609.5 million securities, at a value of EGP 1.9 billion, through the implementation of 62,000 transactions for 200 companies. Egyptians’ transactions recorded 72.99% of total transactions, while foreigners accounted for 14.18%, Arabs 12.83%, and institutions accounted for 43.36%. Of the transactions in the Stock Exchange, the rest of the transactions were the share of individuals by 56.63%.

The net transactions of Egyptian, Arab and foreign individuals and foreign institutions tended to sell at a value of 40.7 million pounds, 32.6 million pounds, 1.2 million pounds, and 332.4 million pounds, respectively, while the net transactions of Egyptian and Arab institutions tended to buy at a value of 339.1 million pounds and 67.8 million pounds, respectively.

The “EGX30” index rose by 1.42% to close at 12779 points, the “EGX50” index rose by 1% to close at the level of 2210 points, and the “EGX30 weighted” index jumped by 1.31% to close at the level of 15387 points. The EGX30 total return index increased by 1.43% to close at 5256 points.

The index of small and medium-sized companies, “EGX 70 of equal weights,” increased by 4.37%, to close at the level of 2516 points, and the “EGX 100 index of equal weights” rose by 3.41%, to close at the level of 3637 points, and the Excellence index increased by 0.95%, to close at the level of 3493 points. points, and the Treasury bond index jumped by 0.04%, to close at 1232 points.

The shares of 86 companies listed on the Stock Exchange rose at the close of trading, while the shares of 48 companies declined, and the levels of 66 companies did not change.

Palm Hills Development, United Housing and Development, and Egyptian Electric Cables announced the purchase of the first 6,701 thousand shares during yesterday’s Wednesday session, representing 0.02% of the company’s shares, the purchase of the second 25 thousand shares, bringing the total percentage of the company’s treasury shares to 1.69% of the shares. Capital shares, the third purchase of 510 thousand shares, bringing the total percentage of treasury shares to 3.36%.

Insider dealings

The dealings of the insiders, the main shareholders, and the groups associated with them varied during the trading session yesterday, Wednesday, as the board of directors sold the Kafr El-Zayyat Pesticides and Chemicals Companies, the Commercial International Bank (Egypt), Odin for Financial Investments, Al-Naim Holding for Investments, the Egyptian Modern Education Systems, the Arab for Asset Management and Development, the International Medical Industries – IKME, Utopia for Real Estate and Tourism Investment 900 shares, 10 thousand shares, 30 thousand shares, 203 thousand shares, 20.2 thousand shares, 500 thousand shares, 388.5 thousand shares, 10 thousand shares, respectively.

The management of the Commercial International Bank (Egypt) sold 2,000 shares, a group linked to the Raya Holding Company for Financial Investments sold 550,000 shares, and the reward and incentive system for employees of iFinance for Financial and Digital Investments sold 4.2 million shares.

While the Board of Directors of Pioneers Properties for Urban Development, Al for Development and Investment, B Investments Holding, iFinance for Financial and Digital Investments bought 479.3 thousand shares, 10 thousand shares, 146 thousand shares, and 250 thousand shares, respectively, and a group linked to Al-Nasr clothing and textile companies bought- Capo, iFinance for Financial and Digital Investments, Thiqa for Business and Development Management owned 550 thousand shares, 207.7 thousand shares, and 480 thousand shares, respectively, and the management of iFinance for Financial and Digital Investments bought 70.9 thousand shares.

business results

A number of companies listed on the Egyptian Stock Exchange announced business results for the financial period ending on September 30, 2022, and interest revenues amounted to 7.1 billion pounds, compared to 5.1 billion pounds during the same period last year, with a growth rate of 38.6%, and net profit after taxes amounted to 2 billion pounds compared to With 1.6 billion pounds, a growth rate of 26.4%.

Orascom Construction PLC announced revenues of $3 billion during the period ending on September 30, 2022, compared to $2.5 billion during the same period last year, a growth rate of 20.1%. Net profit after tax amounted to $70.2 million, compared to $84.2 million, a percentage of a decrease of 16.6%.

Egyptians for housing

The Egyptians Company for Housing, Development and Construction announced that it had received an offer from Sumou Holding Company (a closed Saudi joint stock company) regarding the acquisition of part of the company’s share in the capital of the Egyptians Real Estate Investment Fund Company, at fair value, according to the evaluation of Surf Fund Company (management services company for managing investment funds). ) with a total value of about 29.2 million pounds.

The article is in Arabic

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