Books – Islam Saeed
Wednesday, March 29, 2023 06:00 PM
The seventh day publishes the most important economic news that was published over the past hours, whether the performance of the Egyptian Stock Exchange or the Gold Stock Exchange, which witnessed great development.
7% up in Telecom Egypt
Receive a share Telecom EgyptAppointing a new CEO, an increase of 7.41% to reach the level of 24,500 pounds, bringing the company’s market value to 41.8 billion pounds.
It was the company’s board of directors Telecom EgyptIn its meeting yesterday, Tuesday, it decided to approve the appointment of Engineer Mohamed Nasr El-Din Mohamed Ali as Managing Director and CEO of Telecom Egypt, after the Board accepted the request of Eng. Information provided that he remains a non-executive member of the Board of Directors of Telecom Egypt.
Eng. Mohamed Nasr El-Din, Managing Director and CEO of Telecom Egypt, intends to work with the executive team to achieve more success and distinction for the company and serve its customers who represent the focus of the company’s interest and an essential part of the work system as well as the interest of shareholders, investors and partners.
The Stock Exchange cancels the registration of New Castle Sports Investment Company for not meeting the conditions
The committee also decided to temporarily list the shares of Fitness Prime Health Clubs and Digitize Investment and Technology, with an issued capital of 66.3 million pounds for the first, distributed over 132.5 million shares, with a nominal value of 0.5 pounds, and 12 million pounds for the second, distributed over 12 million shares with a nominal value of 0.5 pounds. EGP in the market of small and medium enterprises.
The main stock index increased by 3.2%.
The Egyptian Stock Exchange ended the trading session today, Wednesday, with a collective rise in the indices, driven by purchases from Egyptian and Arab dealers, amid high trading, and the market capitalization gained 26 billion pounds, to close at 1.053 trillion pounds.
The “EGX30” index rose by 3.17% to close at 16411 points, the “EGX50” index rose by 2.41% to close at the level of 2818 points, and the “EGX30 weighted index” jumped by 3.52% to close at the level of 19645 points. The “EGX30 total return” index increased by 3.21%, to close at 6,759 points.
The index of small and medium-sized companies “EGX 70 of equal weights” increased by 1.25% to close at the level of 2839 points, and the index of “EGX 100 of equal weights” increased by 1.95% to close at the level of 4279 points.
Gold price developments
Witness Price per gram of gold Today, Wednesday, there was a movement in the beginning of trading in Egypt, bringing the price of a gram of 21 carat gold, which is the best-selling in Egypt, to 2100 pounds, despite the drop in the global price of gold to 1968 dollars per ounce.
Gold prices today: 21 carat records 2100 pounds.
18 karat records 1800 pounds.
24 karat records 2400 pounds.
The gold pound is 16,800 pounds.
An ounce of gold is 1968 dollars.
Gold prices on the global stock exchange witnessed gold prices The global market declined with the beginning of today’s session, Wednesday, after gold was subjected to negative pressure from the rise in US government bond yields, in addition to reducing the importance of the US banking crisis and the possibility of its spread, which reduced the demand for the precious metal, according to Gold Billion.
Spot gold prices decreased today by 0.3%, to trade at the time of writing the gold bullion report, at the level of $1966.53 an ounce, after a previous rise during yesterday’s session, but it did not last long due to the negative pressure on gold since the beginning of the week due to profit-taking sales after the recent record gains. .
