The Egyptian Stock Exchange ends Monday’s session amid positive news and profitable stocks

Monday’s session on the Egyptian Stock Exchange was full of positive events and winning stocks.

Positive news in today’s session

Nass Investments of the Emirates has submitted an offer to acquire “Semad Misr” to purchase a maximum of 5.52 million shares, representing 57.5% of Samad Misr’s shares, at a purchase price of 95 pounds per share.

Misr Duty Free shareholders decided to increase the issued and paid-up capital from 93.75 million pounds to 150 million pounds.

Shareholder Heba Gamal Ibrahim raised her stake in the capital of the Egyptian Construction Industry Development Company (Lift Slab) from 3.47% to 5.02%, by purchasing 8.7 million shares with a total value of 5.08 million pounds, at an average price of 0.59 pounds per share.

Winning stocks

Today’s gainers were Memphis Pharmaceuticals, which rose by 10.86% to close at 56.67 pounds, Obour Land Food Industries, which rose by 10.34% to close at 20.17 pounds, and Al-Muhandis Insurance, which rose by 9.38%, to close at 25.76 pounds.

Media Production City shares also rose by 9.02%, to close at 24.53 pounds, Elsewedy Electric shares rose by 8.71%, to close at 86 pounds, and Arabian Seats shares rose by 8.12%, to close at 4.13 pounds.

South Cairo and Giza Mills shares also rose by 7.35% to close at 77.29 pounds, and Al-Nasr Agricultural Products Manufacturing shares rose by 4.98% to close at 28.86 pounds.

Marsa Marsa Alam shares rose by 4.76% to close at 2.2 pounds, and Arab Engineering Industries shares rose by 4.65% to close at 1.35 pounds.