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The stock market: 13,600,000 shares sell orders for shares of the treasury of the Swedish Electric


The stock exchange said in a statement Tuesday, it said that the total quantities of sell orders registered private market transactions on the Swedish Electric shares totaled 13,630,000 shares.

The Swedish Electric has announced its intention to buy about 1.4 million treasury shares at a price of 62.5 pounds per share in the period from 19 to 25 October.


Swedish Electric aims to invest available liquidity in Egyptian pounds to buy back treasury shares, in light of the current share price, in light of the lack of expected impact on the company's performance indicators.


The company carried out during last week's purchase of treasury shares to the number of 3.6 million shares, valued at 225 million pounds.


The company's shares rose 1.58% at 61.57 pounds by the end of Tuesday's meeting.

Decline in the main purchasing managers' index (PMI) private in Egypt, issued by the Emirates National Bank of Dubai, from 46.3 points in September to 42.0 points in October.

The report, which received a "live" version, the index reading indicated is the minimum is 39 months; which refers to the power and acceleration of private sector non-oil producer in Egypt contraction.

The report, that the private sector non-oil producer in Egypt, sinking back into recession month of October, the deteriorated business conditions in the strongest rate since July 2013, which led to higher costs dramatically.

The report pointed out that the weakness of the Egyptian pound, especially against the US dollar, was a major factor behind the overall decline in the month of October, and reportedly is the main driver of rising procurement costs, according to the report.

He reported that purchases rose to its highest level since the start of data collection in the month of April 2011. In line with the big cost pressures, companies have also raise the prices of their products and services at a record pace in the history of the study.

According to the report, the sharp inflation impact on both production and new orders in October. The decline in business activity at the fastest rate since mid-2013 in the light of reports of shortage of raw materials caused by rising costs.

At the same time, with the rise in price inflation, deterioration of customer requests rate fell to a new business level remarkably resembles what experienced production, as the uncertainty surrounding the price of the currency exchange rate also led to a sharp decline in new business from abroad, according to the report.

It should be noted that the main purchasing managers' index (PMI) is a composite index was prepared to provide an overview of minutes on the operating conditions in the private sector economy is the product of oil. 


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