The Egyptian Stock Exchange announced that, today, Tuesday, deals were executed on the shares of 5 companies through the mechanism of large-volume deals, with a total value of $1.8 billion.
The stock exchange stated, in a statement, that:
The first deal was done on about 215 million shares of "Fawry for Banking Technology and Electronic Payments", at a value of more than $54.9 million.
The second deal was concluded on 476.7 million shares of the Alexandria Container Handling Company, at a value of 159 million dollars.
The third deal was made on 271.6 million shares of the "Abu Qir Fertilizers and Chemical Industries" company, with a value of about $392 million.
The fourth deal was concluded on 340 million shares of Commercial International Bank - Egypt, with a value of about $911.5 million.
The fifth deal was concluded on 45.8 million shares of the "Misr Fertilizer Production Company - MOPCO", with a value of about $266.5 million.
The Egyptian Stock Exchange is recovering
The indices of the Egyptian Stock Exchange recovered at the close of trading, today, Tuesday, supported by the state of optimism after executing the deals to acquire the shares of some Egyptian companies, which reflected the attractiveness of the Egyptian Stock Exchange.
The main index of the Egyptian Stock Exchange "EGX30" jumped by 1.6 percent to reach the level of 10898.7 points.
The stock exchange gained about 7.7 billion pounds, bringing its market capitalization to 704 billion pounds, amid total transactions amounting to 30.8 billion pounds (the dollar is equivalent to 18.5 pounds).
Market mediators said that the acquisition deals that were carried out today, Tuesday, on the shares of 5 companies, "reflected positively on the rest of the various shares and sectors of the market."