The Egyptian Stock Exchange continues to rise in the middle of trading

The Egyptian Stock Exchange continues to rise in the middle of trading
The Egyptian Stock Exchange continues to rise in the middle of trading

The Egyptian stock exchange indices continued to rise in the middle of trading today, Wednesday, September 21, 2022, hours before the US Federal Reserve’s decision on interest rates.

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Market Indicators

The “EGX30” index rose by 0.24% to close at 10,034.41 points.

The index of small and medium-sized companies “EGX70 of equal weights” increased by 0.52% to close at 2209.42 points.

The “EGX 100 equal weights” index rose by 0.40% to close at 3,153.39 points.

stock market in a week

Last week, the Egyptian Stock Exchange witnessed a loss of the market capital of the Egyptian Stock Exchange, about 8.2 billion pounds during the sessions of the past week, to close at 694.4 billion pounds, a decrease of 1.2%, and a collective decline of the indices.

US Federal

The US Federal Reserve will issue a decision on key interest rates today, Wednesday, amid increasing expectations to raise them by 75 basis points, as part of the United States’ efforts to curb pressures on the country’s economy due to high inflation rates and a decline in the federal bond interest.

Japanese stocks fall

Japanese shares fell at the end of trading on Wednesday by more than 1% before the central bank’s decision on interest rates and its monetary policy, and amid fears that inflation will continue to accelerate in the country.

Acquisition of Domty

Today, Wednesday, the stock exchange witnessed the implementation of the compulsory purchase offer on the shares of the Arab Food Industries Company – Domty.

The stock exchange indicated in a statement that today’s session, Wednesday, witnessed the implementation of the compulsory purchase offer submitted on Domty shares for 93,015,976 shares, with a total value of 511,587,868 pounds.

The Expedition investments offer includes the purchase of up to 96.18 million shares, at a rate of 34%, complementing 90% of the shares of the Arab food industries – Domty.

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