Egypt's Suez Canal Authority seeks African market expansion with Namibia port deal    Egypt to launch unified digital business platform to streamline procedures, cut timelines: El-Khatib    TMG expands Celia development with new commercial and entertainment hub    Egypt explores opportunities to expand sustainable environmental investment in natural reserves    Egypt reviews development projects with IsDB delegation    UK offers tax breaks to lure Egyptian firms to London bourse – ambassador    Egypt advances strategy to reduce public, external debt    Gaza death toll climbs as winter cold intensifies humanitarian emergency    Egypt, China discuss sustainable Gaza ceasefire and Sudan truce    GENNVAX launches largest regional vaccine manufacturing facility with $150m investment    Health Minister Discusses radiology upgrade with Curagita, ACH    Central Bank of Egypt, Medical Emergencies, Genetic and Rare Diseases Fund renew deal for 3 years    Egypt, Saudi FMs discuss Gaza, Sudan and preparations for Supreme Coordination Council    Egypt's SPNEX Satellite successfully enters orbit    Egypt unveils restored colossal statues of King Amenhotep III at Luxor mortuary temple    Egyptian Golf Federation appoints Stuart Clayton as technical director    4th Egyptian Women Summit kicks off with focus on STEM, AI    Egypt's PM reviews major healthcare expansion plan with Nile Medical City    UNESCO adds Egyptian Koshari to intangible cultural heritage list    UNESCO adds Egypt's national dish Koshary to intangible cultural heritage list    Egypt calls for inclusive Nile Basin dialogue, warns against 'hostile rhetoric'    Egypt recovers two ancient artefacts from Belgium    Egypt, Saudi nuclear authorities sign MoU to boost cooperation on nuclear safety    Giza master plan targets major hotel expansion to match Grand Egyptian Museum launch    Australia returns 17 rare ancient Egyptian artefacts    China invites Egypt to join African duty-free export scheme    Egypt calls for stronger Africa-Europe partnership at Luanda summit    Egypt begins 2nd round of parliamentary elections with 34.6m eligible voters    Egypt warns of erratic Ethiopian dam operations after sharp swings in Blue Nile flows    Egypt scraps parliamentary election results in 19 districts over violations    Egypt golf team reclaims Arab standing with silver; Omar Hisham Talaat congratulates team    Egypt launches Red Sea Open to boost tourism, international profile    Sisi expands national support fund to include diplomats who died on duty    Egypt's PM reviews efforts to remove Nile River encroachments    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



EGX 30 Ends Monday At 5197 Pts Weighed By Prosecutor's Freezing Assets Decree
Amwal Al Ghad Published in Amwal Al Ghad on 18 - 03 - 2013

The Egyptian Exchange (EGX) has ended Monday's session posting humble gains of EGP 657 million driven by the prosecutor general's travel ban and assets freeze decrees against 21 businessmen; 5 Saudis and 2 Emiratis alongside a number of officials in the Al Watany Bank of Egypt and EGX amid the accusations of involvement in stock manipulation case.
The capital market has reached to EGP 361.213 billion during Monday's closing session.
The names of the 21 businessmen include the EFG-Hermes Chief Executives Hassan Heikal and Yasser El-Mallawany, the AWB Chairman Ayman Sulaiman, Owner of City Stars Complex in Cairo Abdul Rahman Al Sharbatly, Hisham El-Sewedy, besides some of the largest retail investors in the EGX.
The EGX indices ended Sunday in light red notes.
Egypt's benchmark index EGX30 fell by 0.23% to close at 5197.07 p; while EGX20 inched down by 0.66% to end at 6157.63 p.
Meanwhile, the mid- and small-cap index, the EGX70 dropped by 0.38% to conclude at 456.71 pts. Price index EGX100 went down by 0.18% to finish at 759.46 p.
During Monday's closing, the trading volume hit 85.911 million securities, higher than Sunday's 51.660 million securities, representing an increase of 34.251 thousand securities. For the traded value, it reached EGP 255.120 million, exchanged 15.297 thousand transactions.
This was after trading in 164 listed securities; 104 declined, 29 advanced; while 31 keeping their previous levels.
Egyptians and Arabs were net buyers seizing 63.21% and 6.34% respectively, of the total markets, with a net equity of EGP 14.258 million and EGP 3.720 million excluding the deals.
Meanwhile, the non-Arab foreigners were net sellers seizing 30.45% of the total markets, with a net equity of EGP 17.978 million excluding the deals.
For the leading EGX-listed firms' stocks, EFG-Hermes' stock plunged by 1.28% to end at EGP 10.81.
EFG-Hermes Holding (HRHO.CA) said the Egyptian prosecutor general's decree on freezing assets of its chief executives Hassan Heikal and Yasser El-Mallawany is not related to the firm's funds or assets and will not affect the progress of its operations, equities, assets or liabilities.
The Prosecutor General Talaat Abdullah ordered late Sunday the freezing of assets of 23 businessmen involved in stock market manipulation in the case of Al Watany Bank of Egypt (AWB).

Clic here to read the story from its source.