The Egyptian stock market indices continued to rise in the middle of Sunday’s trading session, the beginning of the week’s sessions, driven by purchases from Egyptian and foreign dealers, while Arab transactions tended to sell.
The “EGX30” index rose by 0.31% to reach the level of 10,711 points, the “EGX50” index rose by 0.3% to reach the level of 1868 points, and the “EGX30” index of specific weights jumped by 0.24% to reach the level of 13213 points. The “EGX30” total return index increased by 0.4% to reach the level of 4,327 points.
The index of medium and small companies “EGX70 of equal weights” rose by 0.91% to reach the level of 1849 points, and the “EGX100 index of equal weights” rose by 0.69% to reach the level of 2805 points, and the index of excellence increased by 0.87% to reach the level of 3724 points.
In the same context, the transactions of the insiders, the main shareholders and the groups associated with them varied during the trading session last Thursday, as a group linked to the Mansoura Poultry Company, Prime Holding for Financial Investments sold 250 thousand shares, and 75 thousand shares, respectively, and the board of directors of the International Company for Medical Industries – ICMI sold 20 thousand shares, while a group linked to Atlas Investment and Food Industries, Medical Packaging, and Aspire Capital Holding for Financial Investments bought 700 thousand shares, 993.6 thousand shares, and 125 thousand shares, respectively.
The board of directors of Pioneers Properties for Urban Development, South Cairo and Giza Mills and Bakeries, extracted oils and their products, Jadwa Industrial Development, Palm Hills Development, CI Capital Holding for Financial Investments, bought 214 thousand shares, 1050 shares, 7839 shares, 177 thousand shares, 350 thousand shares, 224.8 thousand shares, respectively, and the management of Palm Hills Development Company bought 5 thousand shares.
3 companies, namely the Egyptian Electric Cables, Cleopatra Hospitals Group, and Delta for Construction and Development, announced the purchase of treasury shares during last Thursday’s trading session, and the first bought 190,000 shares, bringing the total percentage of treasury shares in the company’s possession to 2%, and the second 1.5 million shares. The third is 64.8 thousand shares, bringing the total percentage of treasury shares held by the company to 2.12%.
In a separate context, the United Housing and Development Company said that the board of directors unanimously approved the adoption of a disclosure form regarding the reduction of the company’s issued and paid-in capital from 342.7 million pounds to 355.6 million pounds, with a reduction of 7.1 million pounds by destroying treasury shares that have been purchased for more than a year And then the company is legally obligated to destroy this quantity, as well as to destroy the shares that have been purchased for more than 3 months.
In another context, a number of companies announced their business results during the last period, and the Egyptian Export Development Bank achieved the bank’s net assets (consolidated) on March 31, 2022, by 80.4 billion pounds, compared to 77.2 billion pounds on December 31, 2021, with a change of 3.1 billion pounds. At a rate of 4%, the value of net loans, facilities, and discounts to customers and banks (consolidated) on March 31, 2022 amounted to 40 billion pounds, compared to 34.9 billion pounds on December 31, 2021, with a change of 5 billion pounds, at a rate of 14.4%, and the net profit amounted to 301.9 million EGP 535.9 million in net profits, with a change of EGP 234 million, at a rate of 43.7%.
Abu Dhabi Islamic Bank achieved revenues of 1,258 million pounds during the period ending on March 31, 2022, an increase of 192 million pounds, an increase of 18% compared to the same financial period ending on March 31, 2021, and this increase is due to the net income from the return amounting to 1,027 million EGP 199 million, an increase of 24% compared to the same fiscal period of 2021, and the combined net profit after taxes amounted to EGP 444 million, compared to EGP 332 million, an increase of EGP 112 million, or 34% compared to the same fiscal period of 2021.
Credit Agricole Egypt achieved interest income of 1.4 billion pounds on March 31, 2022, compared to 1.3 billion pounds on March 31, 2021, with a growth rate of 8.62%, and total deposits amounted to 48.9 billion pounds, compared to 48.2 billion pounds, with a growth rate of 1.51%, and the net profit amounted to After tax, 491.5 million pounds compared to 378.5 million pounds, a growth rate of 29.86%.
Raya Holding Company for Financial Investments also achieved revenues of about 252.17 million pounds during the period ending on March 31, 2022, compared to 182.87 million pounds for the period ending on March 31, 2021, with a growth of 37.9%, and the net profit after taxes for the period ending on March 31, 2021 2022 amounted to about 6.62 million pounds, compared to the same period, which amounted to 2.05 million pounds, recording an increase of 223.2%.