BIG Trade Tops NILEX’s Volume of Trades In Week

During the last week which witnessed Egypt’s court ruling against the gold miner , BIG Trade and Investment (BIGP)’s stock has managed to become the top eight active NILEX-listed as its volume of trades have reached 473 thousand securities worth EGP 991.6 million.

Through the last week, NILEX had volume of trades hit 1.7 million securities worth EGP 6 million exchanged through 933 transactions.

An Egyptian administrative court ruled on Tuesday that Centamin’s  flagship Sukari gold mine in the country was void.

“The court rules as invalid the contract to exploit the Sukari mine,” the judge said, adding the court also ruled that a decision by the authorities to offer a 30-year contract and to allow it to be renewed was also void.

Al-Moasher for Programming and Information Dissemination (AMPI) has ranked second as its volume of trades amounted to 468.9 thousand securities worth EGP 723.5 million.

Port Saied for Agricultural Development and Construction (PSAD) has come third as its volume of trades reached 340.3 thousand securities worth EGP 1.6 million.

Fourthly, Univert for Food Industries (UNFO) has recorded volume of trades reached 212 thousand securities worth EGP 216.4 thousand.

Fifthly, Marseille Almasreia Alkhalegeya For Holding Investment (MAAL) has recorded volume of trades reached 124.9 thousand worth EPG 709.5 thousand.

Utopia Real Estate Investment and Tourism (UTOP) has ranked sixth having volume of trades of 98.9 thousand securities worth EPG 1.6 million.

Misr Kuwait Investment & Trading Co. (MKIT) has come seventh recording volume of trades of 18 thousand securities worth EPG 3.29 thousand.

At the bottom of the list, Egypt Intercontinental for the manufacture of granite and marble EGY-STON (MISR) has come eighth with a volume of trades of 3.8 thousand securities worth EPG 27 thousand exchanged.