BIG Soars 4.72% Amid Stock Resumption; NILEX

On Wednesday, the Egyptian Exchange of Small and Medium Enterprises (SMEs) – NILEX has witnessed unsteady performance amidst trading in 7 stocks. Four stocks advanced, 2 declined; while AMICO Medical Industries (AMECO) solely maintained with no change at EGP 11.97.

Al-Moasher for Programming and Information Dissemination (AMPI)’s stock has led NILEX upwards as it climbed by 5% to conclude at EGP 1.68 recording traded value of EGP 23.100 thousand distributed to 13.750 thousand securities exchanged through 7 transactions.

BIG Trade and Investment (BIGP)’s stock soared by 4.72% to end at EGP 2.44 recording traded value of EGP 24.400 thousand distributed to 10.000 thousand securities exchanged through 48 transactions. Trading for the stock has been resumed after the firm has made a statement on Wednesday that American Automotive Group is not the firm’s subsidiary and accordingly it did not make any statements regarding the listing of the latter’s stock on the Egyptian Exchange (EGX) or on NASDAQ either.

Univert for Food Industries (UNFO)’s also pushed up by 4.12% to end at EGP 1.01 recording traded value of EGP 65.145 thousand distributed to 64.500 thousand securities exchanged through 15 transactions.

Additionally, Marseille Almasreia Alkhalegeya For Holding Investment (MAAL)’s stock surged by 3.54% to finish at EGP 5.85 recording traded value of EGP 318.714 thousand distributed to 54.446 thousand securities exchanged through 66 transactions.

On the other hand, Port Saied for Agricultural Development and Construction (PSAD)’s stock sank by 4.89% to close at EGP 7.19 recording traded value of EGP 14.380 thousand distributed to 2.000 thousand securities exchanged through 3 transactions.

Utopia Real Estate Investment and Tourism (UTOP)’s stock slumped by 2.67% to close at EGP 16.07 topping NILEX traded value of EGP 319.739 thousand distributed to 19.900 thousand securities exchanged through 48 transactions.