Egyptian Business Minister Hisham Tawfiq intends to launch two companies to 3 government companies on the Egyptian Exchange during the third quarter of 2021.
According to Arab Net, the minister told reporters on the sidelines of a journalist in Cairo.
The Egyptian government revealed in March 2018 on its intention to raise quotas from 23 companies as part of a program to raise EGP 80 billion by selling minority shares in a period of 24 and 30 months.
Although up to 36 months since then, the Government has only had 4.5% of the Eastern Smoke Company in 2019.
The Egyptian stock exchange launched today on a collective decline while continuing to sell by Egyptian and foreign investors.
Half an hour is shocked by Egypt
"The first half of trading, market capital lost to listed companies lost about 11.5 billion pounds after the market capital hue from 645 billion pounds in close trading yesterday Sunday to about 633.5 billion pounds during the first half hour of trading.
In terms of indicators, Eiji X 30 is 2.37% at 10170 points. The index of medium and small EGYE0 70 has also fell 3.82% at 1917 points, and the broader EEEX 100 fell 3.22%, up to 2833 points. Also, the index is anonymous of Eiji X50 by 3.44%, at 1962 points.
Arab investors turned to buy a net of 281.7 thousand pounds, while Egyptian and foreign investors turned into sale with net 136.19 thousand pounds, and 145.54 thousand pounds, respectively.
Meanwhile, the value of traded shares amounted to LE 31.07 million, through 26.6 million shares, via 1.7 thousand transactions.
In the context of the Egyptian Stock Exchange, stop trading on 9 shares for 10 minutes to overcome the 5% up or down during the first half hour of trading.
