NTRA raises efficiency of mobile services in Sinai with EGP 513m investment    Startups Without Borders to hold hybrid summit in Rome, Cairo    Egypt, South Korea have many cultural similarities: Korean Ambassador    Economic recovery is essential in countering COVID-19 impact on Africa: Shoukry    Egypt advances to 21st in Climate Change Performance Index 2022    UNFPA, Canada delegation visits projects in Upper Egypt    Egypt, WHO discuss mechanisms to reduce antimicrobial resistance    Plastic Bank collects 150 million bottles in 2021, equivalent to 2,700 tonnes of plastic    US awards film residency programmes to Egyptian filmmakers at CIFF 2021    Irrigation Ministry highlights threats to Egypt's water security before Senate    YouTube launches fund to reward short-form video creation in MENA region    DP World Sokhna: Integrated supply chain for Egyptian sugar    Egypt's PMI unchanged in Nov as higher inflation expectations weigh on: IHS    Egypt's LNG exports at full capacity of 1.6 bcf/d after gas price rise – minister    Indian Embassy in Cairo presents contemporary dance performances    Egypt explores water cooperation with 4 African countries    Al-Sisi visits Police Academy, witnesses admission exams    Soma Bay hosts Oceanman's Final World Championship 2021 for open-water swimming    Lebanese legend Fairuz is Egypt's most-streamed female singer on Spotify in 2021    Egypt, Qatar discuss cooperation in sports infrastructure    Mortada Mansour sets road map for Zamalek, after normalization committee depart    Egypt's trade with Nile basin countries climbs 26% y-o-y in 9 months    Egypt selected to host COP27 international climate conference in 2022    Number of British tourists to Egypt seen hitting 500,000 this winter – envoy    The unvaccinated prohibited from entry to Egypt state institutions starting December 1    Egypt, Greece ink deal for first subsea power link between Europe and Africa    SCOHRE sparks discussion on harm reduction, tobacco control    Egypt to receive first of six high-trains from Spain's Talgo in mid-November    Egypt's iron and steel exports jump 197% in 8 months    Ethiopia halts work at its embassy in Egypt for 'economic reasons'    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    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    Brazil calls up 8 EPL players for World Cup qualifying    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    Sisi calls on House, Senate to commence second legislative sessions on 3, 5 October    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    Qa'a play showing at Lycee El Horreya Theatre, Alexandria is a must go    APO Group enters new exclusive agreement with Getty Images on African press releases and images    On International Museum Day, Egypt opens two new museums at Cairo Airport    Old Cairo's Al-Fustat will be revamped on Egyptian President's directives    

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
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.