The Egyptian Stock Exchange index fell, amid trading pressures from foreign sales

The Egyptian Stock Exchange index declined in Monday’s trading session due to selling pressure from foreign traders, while Egyptians and Arabs tended to buy, with low trading volumes amounting to 235.8 million pounds, two hours after the start of trading.

The “EGX30” index declined by 0.12% to the level of 11642, the “EGX50” index decreased by 0.19% from the 2012 level, the “EGX30” weighted index rose by 0.07% to the level of 2012 at 13762, and the “EGX30” index totaled a return. It fell 0.16% to 4,589 points.

The index of the small and medium-sized company “EGX70 Equal Weight” decreased by 0.74% to 2160 points, and the “EGX100 Equal Weight” index decreased by 0.45% to 3167 points, and the Excellence Index increased by 2.16% to 4,926 points.

In a related context, the Egyptian Stock Exchange announced the suspension of trading in two shares for a period of 10 minutes, due to gains and losses that exceeded 5% during today’s session; Modern education system in Egypt, global fertilizers and chemicals.

In the same context, insiders, major shareholders and groups related to them changed their dealings in a trading session yesterday, Sunday, as a group linked to Credit Agricole sold 2321 shares, while the board of directors of Pioneers Real Estate Company for Urban and Arab Development for Pharmaceuticals and Chemicals sold. Industries, Jadwa Industrial Development and Engineer Insurance, Palm Hills Development, Porto Holdings – Porto Group, 20,000 shares, 101 shares, 137,000 shares, 17,570 shares, 1.1 million shares, 500,000 shares respectively.

Misr Beni Suef Cement Company announced the purchase of 67,610 treasury shares during yesterday’s trading session, bringing the total treasury shares to 514,300 shares.

In another context, Sidi Kerir Petrochemical Company – SIDPEC announced that the Board of Directors approved the performance of the company’s business for the period ending on December 31, 2021, as the company achieved revenues of 5.1 billion pounds, compared to 3.5 billion pounds in the same period last year, The growth rate was 48.08%, and the net profit after tax amounted to 535 million pounds, compared to 26 million pounds in the same period, with a growth rate of 1957%. The success of 2021 is attributed to its average price in 2021 compared to 2020, its marketing system and its extrapolation to local and global markets, its ability to control costs and follow spending rationalization policies, and the high average selling price.

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