Stock market news today

The news of the Egyptian Stock Exchange varied during today’s trading session, Wednesday 3-15-2023, the most prominent of which came the end of the Egyptian Stock Exchange, the trading of today’s session, Wednesday, with a sharp decline in indicators due to the sales pressures of Egyptian individual dealers, amid trading close to 2 billion pounds, and the market capital lost more than 43 billion pounds, to close at 956.861 billion pounds.

Suspension of trading of 60 shares
The Egyptian Stock Exchange management announced the suspension of trading on 60 stocks for a period of 10 minutes, for exceeding the 5% rate, up or down, during today’s trading session, Wednesday. Cairo Poultry, BMG for Trade and Investment, Orascom Investment Holding, Asec Mining-Ascom, Al Fanar General Contracting, Construction and Trade, Delta Printing and Packaging, Cairo Investment and Real Estate Development, Industrial and Engineering Projects, CI Capital Holding for Financial Investments, Beltone Financial Holding, and Al Shams Housing And reconstruction, and the Egyptian for the development of the construction industry (Lift Slab Egypt), and the Egyptian transportation services (Egytrans), and the Ezz Ceramic and Porcelain-Gawhara, and the castle for financial consulting, and the Arab Engineering Industries.

The shares of: Egyptian Poultry, Zahraa Maadi for Investment and Development, Al-Ahly for Development and Investment, Lecico Egypt, Heliopolis for Housing and Development, Al-Nasr for Civil Works, The Egyptian for Media Production City, Al-Arabiya for Cotton Ginning, Golden Texts for Wool, MM Group for Industry and International Trade, have also been suspended. Cairo for Housing and Development, International Agricultural Crops, El-Nasr Clothing and Textiles-Cabo, North Upper Egypt for Development and Agricultural Production (NEODAB), Al-Arabiya for Asset Management and Development, Misr Cement-Qena, Arab Forum for Investments, Alexandria Spinning and Weaving (SPINALEX), International Fertilizers and Chemicals, and Electric Cables Egyptian.

And the shares of: Misr National Steel-Ataqa, Fawry for Banking Technology and Electronic Payments, Amer Holding Group (Amer Jarb), Juhaina for Food Industries, United Housing and Development, Alexandria Mineral Oils, Universal for Packaging and Paper Industry – Unipack, and Mena for Tourism and Real Estate Investment were suspended. , General Paper Industry – Rakta, Egyptians for Housing, Development and Construction, Al-Obour Real Estate Investment, Arab Ceramics – Ceramica Remas, Eastern National Food Security, South Valley Cement, International Investment and Development, Egyptian Modern Education Systems, Raya Holding for Financial Investments, Canal Shipping Agencies, Raya For call center services, and the Egyptian chemical industries – Kima.

The stock market loses 43 billion pounds
The Egyptian Stock Exchange ended the trading of today’s session, Wednesday, with a sharp decline in the indices, due to the sales pressure of Egyptian individual dealers, amid transactions close to 2 billion pounds, and the market capital lost more than 43 billion pounds, to close at the level of 956.861 billion pounds.

The volume of trading in shares amounted to 663.3 million securities, at a value of 1.9 billion pounds, through the implementation of 74.6 thousand transactions for 198 companies, and the Egyptians’ transactions recorded 79.47% of the total transactions, while foreigners acquired 12.7%, Arabs 7.83%, and institutions acquired 37.06%. Of the transactions in the stock exchange, the rest of the transactions were the share of individuals by 62.93%.

The net transactions of Egyptian and Arab individuals tended to sell at a value of 182.8 million pounds, 12.6 million pounds, respectively, while the net transactions of foreign individuals and Egyptian, Arab and foreign institutions tended to buy at a value of 27.9 thousand pounds, 44.5 million pounds, 107.8 million pounds, and 43.1 million pounds, respectively.

The “EGX30” index declined by 4.15% to close at 14724 points, the “EGX50” index fell by 6.72% to close at the level of 2486 points, and the “EGX30 weighted” index decreased by 4.98% to close at 17258 points. The EGX30 total return index decreased by 4.31%, to close at 6062 points.

The “EGX 70 of equal weights” index declined by 8.22% to close at 2564 points, and the “EGX 100 of equal weights” index fell by 7.64% to close at 3811 points, and the Excellence index decreased by 3.48% to close at 3328 points. points, and the Treasury bond index fell by 0.27%, to close at 1237 points.

Shares of 8 companies listed on the Stock Exchange rose at the close of trading, while shares of 139 companies declined, and the levels of 51 companies did not change.

Membership Committee
Yesterday, Tuesday, the Membership Committee of the Egyptian Stock Exchange decided to ban the Economic Group Company for Securities Trading from benefiting from the trading systems in force in the stock exchange and the services and facilities provided by the stock exchange to work with them, as well as banning the presence of any of its employees in the trading floor, as a precautionary measure, starting from today’s session. Wednesday, until the stock exchange is provided with evidence of the removal of the violations attributed to it.

Insider dealings
The dealings of the insiders, the main shareholders and the groups associated with them varied during the trading session yesterday, Tuesday, as the board of directors of the Egyptian Company for the Development of the Building Industry (Lift Slab Egypt) and the Arab Company for Asset Management and Development sold 155 thousand shares, 300 thousand shares, respectively, and the management of the Commercial International Bank sold ( Egypt) 4,718 shares, and a group linked to the Egyptian Real Estate Group, the Egyptian Modern Education Systems, and the International Fertilizers and Chemicals Company sold 1.2 million shares, 350 thousand shares, and 5 thousand shares, respectively.

While the Board of Directors of Jadwa Industrial Development, the Housing and Development Bank, the Engineer for Insurance, and the Pharmaceutical Union for Medical Services and Investment bought 200,000 shares, 7,250 shares, 2