The Suez Canal Company for Technology Localization announced that the company’s management does not possess any information or material events that could justify the movements witnessed in the stock price during today’s session, according to an official statement published by the company.
The company, registered in Egyptian Stock ExchangeIt responded to the stock exchange management’s inquiries regarding the unjustified increase in trading activity, confirming that there are no internal events or disclosures that may lead to this price movement.
Accordingly, the management of the Egyptian Stock Exchange decided to stop trading in the company’s shares for 10 minutes until reviewing the published news and verifying its justifications, within the framework of applying the rules of disclosure, transparency, and protecting transactions within the market.
Egyptian stock market indicators today
The Egyptian Stock Exchange continued to rise at the beginning of trading on Monday, as the market’s main index, the EGX30, rose by 0.49% to reach the level of 40,954.69 points.
The equal-weighted EGX 100 index also rose by 0.83%, reaching the level of 16,535.98 points, and the small and medium-sized companies index, “EGX 70”, rose by 0.69%, reaching the level of 12,375.63 points.
The Egyptian Stock Exchange jumped at the end of trading yesterday, Sunday, by approximately 2%, approaching exceeding the level of 41,000 points again, and the main index, “EGX30,” rose by 1.8%, and reached the level of 40,753.45 points.
Yesterday’s gains are more than double the stock market’s gains in last week’s sessions, reaching 0.7%, reaching the level of 40,039 points. With yesterday’s rise, the main index’s gains since the beginning of this year are about 37.03%.
