Positive news and profitable stocks on the Egyptian Stock Exchange at the close of Wednesday’s session

Today’s session on the Egyptian Stock Exchange was full of positive events and profitable stocks, the most notable of which we will review in the following lines.

Positive news

We start with the Egyptian Poultry Company’s purchase of 355,000 treasury shares, the financial oversight approval of Spinalex’s procedures regarding capital increase, and Medvert Misr Investment’s acquisition of 7% of Lotus Development.

The Egyptian Stock Exchange also approved a restriction on extending the term of Telecom Egypt to a new 50 years, and the Egyptian Stock Exchange also approved a restriction on reducing the capital of “Aya Capital” by culling treasury shares, and Beltone Holding denied reports about its negotiation with a banking alliance to borrow 500 million pounds.

Winning stocks

It was led by Thimar stock, which rose by 1.15% to close at 4.53 pounds, the extracted oils stock, which rose by 1.11%, to close at 3.65 pounds, and the South Cairo and Giza Mills stock, which rose by 1.09%, to close at 73.33 pounds.

Al-Muhandis Insurance shares also rose by 1.09% to close at 26.02 pounds, Sohag National shares rose by 1.03% to close at 5.9 pounds, Contact Financial Holding shares rose by 0.88% to close at 4.55 pounds, and Tanmia Real Estate Investment shares rose by 0.85% to close at 5.9 pounds. 3.52 pounds.

Tora Cement shares also rose by 0.83% to close at 59.5 pounds, Raya Call Center Services shares rose by 0.82% to close at 7.4 pounds, and EFG Holding shares rose by 0.82% to close at 20.8 pounds.