amwalalghad :: Egyptian Exchange Main Index 1.7% Up In Presidential Elections Week

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Telecom Egypt   11.48        GMC GROUP FOR INDUSTRIAL COMME   1.29        Modern Company For Water Proof   1.03        Ismailia Misr Poultry   2.45        El Arabia for Investment & Dev   0.34        Pioneers Holding   2.84        Ezz Steel   7.86        Egyptian Real Estate Group   6.85        Rakta Paper Manufacturing   4.39        Orascom Telecom Holding (OT)   3.92        Egyptian Iron & Steel   6.87        Naeem Holding   0.19        Canal Shipping Agencies   7.39        Misr Chemical Industries   5.65        United Arab Shipping   0.43        Egyptians Housing Development    1.94        Universal For Paper and Packag   4.94        Northern Upper Egypt Developme   4.93        Egyptian for Tourism Resorts   0.69        Egyptian Financial Group-Herme   7.42        Orascom Construction Industrie   240.82        Modern Shorouk Printing & Pack   7        Upper Egypt Contracting   0.8        Heliopolis Housing   21.65        Raya Holding For Technology An   4.57        United Housing & Development   8.93        International Agricultural Pro   2.1        Gulf Canadian Real Estate Inve   18.08        Alexandria Pharmaceuticals   45.71        Arab Cotton Ginning   2.46        Egyptian Chemical Industries (   7.26        National Real Estate Bank for    11.84        Six of October Development & I   15.03        National Development Bank   6.72        Oriental Weavers   20.66        Arab Gathering Investment   16.29        Egyptians Abroad for Investmen   2.75        Credit Agricole Egypt   9.04        Palm Hills Development Company   1.61        Remco for Touristic Villages C   2.13        Commercial International Bank    29.87        El Ezz Porcelain (Gemma)   1.9        Egyptian Starch & Glucose   5.4        Arab Real Estate Investment (A   0.41        South Valley Cement   3.12        Citadel Capital - Common Share   2.5        Rowad Tourism (Al Rowad)   5.05        Union National Bank - Egypt "    3.25        Ceramic & Porcelain   2.88        El Nasr Transformers (El Maco)   4.78        Egyptian Media Production City   2.31        GB AUTO   27        Sharkia National Food   3.78        Egyptian Transport (EGYTRANS)   7.85        El Kahera Housing   4.97        El Shams Housing & Urbanizatio   2.45        Egyptian Kuwaiti Holding   0.7        ARAB POLVARA SPINNING & WEAVIN   2.11        Cairo Poultry   8.32        Egyptian Financial & Industria   8        T M G Holding   4.03        Asek Company for Mining - Asco   10.66        Misr Hotels   27        Egyptian Electrical Cables   0.56        Medinet Nasr Housing   22.51        Mena Touristic & Real Estate I   1.21        ELSWEDY CABLES   18        Prime Holding   0.91        Al Arafa Investment And Consul   0.17        Alexandria Spinning & Weaving    0.74        Gharbia Islamic Housing Develo   8.41        General Company For Land Recla   16.6        Alexandria Cement   8.9        Arab Valves Company   0.94        Sidi Kerir Petrochemicals   12.4        TransOceans Tours   0.09        Egyptian for Developing Buildi   6.43        Egyptian Gulf Bank   1.24        Kafr El Zayat Pesticides   18.19        Faisal Islamic Bank of Egypt -   35.1        National company for maize pro   11.86        Delta Construction & Rebuildin   4.03        Zahraa Maadi Investment & Deve   48.25        Samad Misr -EGYFERT   3.52        Egypt for Poultry   1.41        Cairo Development and Investme   11.7        Cairo Pharmaceuticals   20.1        Maridive & oil services   0.9        Suez Canal Bank   3.75        Nile Pharmaceuticals   15.81        The Arab Dairy Products Co. AR   73.85        National Housing for Professio   14.39        El Ahli Investment and Develop   4.87        Egyptian Saudi Finance Bank   10.79        Ismailia National Food Industr   5.16        National Societe Generale Bank   25.52        Acrow Misr   19.16        Alexandria Mineral Oils Compan   63.63        Paper Middle East (Simo)   5.59        Egypt Aluminum   12.31        Giza General Contracting   13.12        Middle Egypt Flour Mills   5.82        Extracted Oils   0.6        Assiut Islamic Trading   4.56        Engineering Industries (ICON)   3.95        North Cairo Mills   15.3        Arab Pharmaceuticals   11.88        Grand Capital   5.38        El Ahram Co. For Printing And    10.68        Minapharm Pharmaceuticals   25.49        El Arabia Engineering Industri   13.52        El Nasr For Manufacturing Agri   9.71        Naeem portfolio and fund Manag   1.7        Faisal Islamic Bank of Egypt -   6.76        Natural Gas & Mining Project (   68.26        Housing & Development Bank   13.95        East Delta Flour Mills   31.5        Orascom Development Holding (A   3.22        Memphis Pharmaceuticals   11.12        Abou Kir Fertilizers   134.23        Delta Insurance   5        Cairo Investment & Real Estate   12.18        Cairo Oils & Soap   12.98        Egyptian Arabian (cmar) Securi   0.36        Egyptian Real Estate Group Bea   15.56        Alexandria Containers and good   85.51        Upper Egypt Flour Mills   45.78        Development & Engineering Cons   9.94        Sinai Cement   15.18        Medical Union Pharmaceuticals   28.01        Torah Cement   24.2        Alexandria New Medical Center   46.55        Export Development Bank of Egy   5.04        Egyptian Company for Mobile Se   92.02        Middle & West Delta Flour Mill   32.7        El Kahera El Watania Investmen   4.18        Mansourah Poultry   12.41        Delta Sugar   11.04        Misr Beni Suef Cement   41.21        Egyptian Satellites (NileSat)   6.14        Cairo Educational Services   17.75        Lecico Egypt   7.55        Sharm Dreams Co. for Tourism I   5.3        General Silos & Storage   10.77        Al Moasher for Programming and   0.66        UTOPIA   5.28        Arab Ceramics (Aracemco)   25.4        Barbary Investment Group ( BIG   0.98        

Egyptian Exchange Main Index 1.7% Up In Presidential Elections Week


Published Thursday, 24 May 2012 17:55 | Written by Amwal Al Ghad

Egyptian Exchange (EGX) benchmark EGX 30 index rose by 1.66 % this week, representing an increase of 81.42 points, ending Thursday transactions at 4,971.72 points compared to 4,890.30 points at the end of last week.

Regarding current week trading, the index hit its highest point on Thursday closing at 4,971.72 points, where its lowest point recorded on Sunday at 4,791.91 points.

Egyptian Exchange main index EGX30 extended decline and retreated by 2.01 % on Sunday to close at 4,791.91 points. Market trade volume reached 47,679,524 shares amounted to EGP 1,745,552,449.

The index ended negative performance which lasted six consecutive days and jumped by 1.08 % on Monday to close at 4,878.37 points. Market trade volume reached 77,157,254 shares amounted to EGP 298,889,108.

Egypt Exchange main index returned to red performance one day before the presidential elections and edged 0.29 % lower on Tuesday to close at 4,864.18. Market trade volume reached 96,396,676 shares amounted to EGP 292,021,153.

Egyptian Exchange main index EGX30 advanced by 1.19 % amid first day presidential elections on Wednesday to close at 4,921.88. Market trade volume reached 106,628,039 shares amounted to EGP 510,296,092.

Egyptian Exchange main index EGX30 extended green performance and rose by 1.01 % amid second day of presidential elections on Thursday to close at 4,971.72. Market trade volume reached 73,055,412 shares amounted to EGP 539,385,440.

Companies’ weekly performance highlights:

Citadel Capital (CCAP.CA) stock closed last week at EGP 2.99, while closed on Thursday at EGP 3.1 (highest close), upping 4 % (EGP 0.11).

The lowest close during that week came on Sunday closing at EGP 2.93.

On Tuesday, the Cairo-based private equity firm appointed a new board of directors with Chairman Ahmed Heikal retaining his position.

On Thursday, Citadel Capital announced that its affiliate ASEC Cement, owned by 33.44 %, has completed the development and renovation program of its Algeria’s Zahana Cement plant.

Citadel added, in a release sent to EGX that, Asec started to establish new raw materials mill with investment cost of $ 30 million.

Orascom Telecom Holding (OTH) (ORTE.CA) , North Africa’s biggest mobile phone company by subscribers, gained 1.2 percent to 3.4 pounds, the highest level in almost a month. Egypt’s bourse said it will remove Egyptian Co. for Mobile Services (EMOB.CA), also known as Mobinil, from the EGX 30 Index “as a result of a negligible free float” after the acquisition of the company by France Telecom SA. (FTE) Mobinil is one of four telecommunication companies on the gauge.

Mobinil shares were unchanged at 180.19 pounds.

Egyptian Kuwaiti Holding - (EKHO.CA) stock closed last week at $ 1.06, while closed on Thursday at $ 1.12 (highest close); upping 6 % ($ 0.06).

The lowest close during the week came on Sunday closing at $ 1.05.

On Thursday, Egyptian Kuwaiti Holding BOD approved to execute –wind powered electricity producing project in Turkey with investment cost of €272.1 million ($426.52 million).

The project plan includes purchasing 2 electricity power plants with €256.5 million ($256.5 million) in addition to new license with €15.6 million ($24.45 million).

It is worth noting that, the company aims at marketing such power via selling it in Turkey and Euro region for both local and private sectors.

Al Arafa Investment and Consulting - (AIVC.CA) stock closed last week at $ 0.32, while closed on Thursday at $ 0.39 (highest close), jumping 22 % ($ 0.07).

The lowest close during that week came on Sunday closing at $ 0.32.

On Wednesday, Commercial International Bank is about to complete the due diligence review of acquiring 38 % of Concrete ready-made clothes amounting to EGP 152 million. .

Informed sources from CIB asserted that is one of the leading companies in ready-made clothes sector, adding that the acquisition deal over Concrete which is owned by Arafa is considered successful deal.

It is worth noting that, Arafa owns about 91.64 % of Concrete, adding that its initial valuation amount to EGP 400 million.

On Thursday, Egyptian Financial Supervisory Authority (EFSA) announced that it approved Al Arafa to call for EGM, OGM to discuss increasing capital through free stocks distribution.

Heliopolis Housing - (HELI.CA) closed last week at EGP 15.35, while closed on Thursday at EGP 15.53 (highest close), upping by 1 % (0.18).

Stock lowest level recorded on Sunday closing at EGP 15.07.

On Wednesday, Heliopolis Housing is studying four Arab and local partnership bids to share in its projects, Almal newspaper reported.

Ali Moustafa, Managing Director of Technical and Executive Affairs of the company, attributed studying such bids to shortage in required finance in order to complete its projects in the shadow of retreating demand in domestic real estate market in addition obstacles in getting long term bank loans.

Separately, he revealed that the company is about to offer a number of bids before next July; especially 10th of Ramadan water plant with investment cost of EGP 75 million.

On Thursday, Heliopolis Housing asserted that it conducts talks with National Bank of Egypt in order to obtain EGP 50 million credit facilities for its activities.

It added, in a release sent to EGX that, it obtained a license of developing Maryland park.

Egyptian Media Production City - (MPRC.CA) closed last week at EGP 3.02, while closed on Thursday at EGP 3.12, upping by 3 % (EGP 0.1).

Stock highest level recorded on Wednesday closing at EGP 3.13, while the lowest came on Sunday at EGP 2.98.

On Wednesday, Egyptian Media Production City reported financial results posting a net profit of EGP 2,661,480 for the period from 01/01/2012 till 31/03/2012, compared to net profits of EGP 1,968,118 for the same period of the previous year.

Medical Packaging Company - (MEPA.CA) closed last week at EGP 1.3, while closed on Thursday at EGP 1.38, upping by 6 % (EGP 0.8).

Share highest level recorded on Wednesday closing at EGP 1.4, while the lowest came on Sunday at EGP 1.23.

On Tuesday, Medical Packaging Company BOD approved to increase company’s capital by EGP 30 million.

Sectors Performance:

The most active sectors all through the week were Telecommunications, Financial Services, Construction & Material, Real Estate and Banks.

Telecommunications sector achieved total traded value of EGP 313,172,738.

Financial Services came second in terms of performance, as it achieved total traded value of EGP 236,859,487.

Construction & Material sector ranked third in terms of performance, as it achieved total traded value of EGP 164,214,609.

Regarding Real Estate, it achieved total traded value of EGP 161,040,079.

Finally, Banks, as it achieved total traded value of EGP 135,750,470.

Investors’ Activity:

Local investors led the market activity all through the week, followed by Foreign and Arab investors respectively.

Arab investors were the most active buyers all through the week as their stock this week earning the value of EGP 186,595,571.

Local investors chose also to buy by value of EGP 101,130,955.

Foreign investors were most active sellers this week by the value of EGP 287,726,527.

Retail & Institutions:

Retail activity led the market all through the week as it ranged between 36.33 – 56.56 %.

While Institutions activity ranged during this week between 43.43 – 63.66 %.

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