The Egyptian Stock Exchange started the trading session today, Tuesday, the middle of the week’s sessions, with a collective decline of indices, after it closed yesterday with a decline.
The “EGX30” index declined by 0.15% to reach the level of 11,224 points, the “EGX50” index fell by 0.29% to reach the level of 1917 points, and the “EGX30” weighted index decreased by 0.1% to reach the level of 13,610 points, The “EGX30” total return index fell by 0.82% to reach the level of 4,403 points.
The index of medium and small companies “EGX70 of equal weights” decreased by 0.21% to reach the level of 1917 points, and the “EGX100 index of equal weights” decreased by 0.19% to reach the level of 2892 points.
The EGX administration also announced the implementation of deals through the BLOCK TRADING mechanism on the shares of Heliopolis Company for Housing and Development for 3 million shares, at a value of 18.3 million pounds.
Five companies, namely, ASIC Mining – Ascom, Cleopatra Hospitals Group, 10th of Ramadan Pharmaceutical Industries and Diagnostic – Rameda, Ibn Sina Pharma, Raya Holding for Financial Investments, announced the purchase of treasury shares during Monday’s trading session, and the first bought 289.9 thousand shares, representing 0.52% Of the company’s capital, the second is 2.9 million shares, the third is 500 thousand shares, the fourth is 47.5 thousand shares, and the fifth is 230 thousand shares.
In a separate context, a number of companies listed on the Egyptian Stock Exchange announced business results for the year 2021, and Jadwa Industrial Development Company achieved revenues of 1.2 billion pounds, and recorded a net profit of 104 million pounds after deducting minority rights, and total assets amounted to 7.1 billion pounds at the end of last year. .
Pioneers Properties for Urban Development achieved revenues of 1.6 billion pounds, and recorded a net profit of 359 million pounds, and total assets amounted to 25.7 billion pounds at the end of last year, and total property rights
amounted to 9.9 billion pounds.
The Arab Cotton Ginning Company achieved revenues of 533.8 million pounds during the period ending on December 31, 2021, compared to 563.7 million pounds during the year 2020, a decrease of 5%, and the net profit amounted to 26.3 million pounds, compared to 692 thousand pounds, with a growth rate of 3707%.
In another context, Arabia Investments Holding said that the Court of Appeal issued a ruling regarding the lawsuit filed by the Cairo Development and Automotive Industry Company against Peugeot Automobile Company on March 28, accepting the appeal in form and in the matter of canceling the appealed judgment and returning the case to the Court of First Instance.
For its part, Al-Multaqa Arab Investments Company said that a supporting financing contract was signed between the company and Al-Tawfiq Company for financial leasing in the amount of 60 million pounds, in support of the capital base of Al-Multaqa Company, based on the approval of the Ordinary General Assembly of Al-Multaqa Company, noting that Al-Multaqa’s contribution to Al-Tawfeek Company 68.4% of the total shares of the company.