A poor run of results prompted Al-Ashri to hand in his resignation last Tuesday but he made a U-turn over his decision two days later after the club's board promised him to reinforce the team's squad in January.
Hodoud lacked creativity at Mahalla, struggling to create clear-cut chances despite the presence of Egyptian international forward Ahmed Eid and talented playmaker Abdul-Salam Nagah.
The draw leaves Hodoud, Egyptian Cup winners last season, languishing in 12th place with 17 points, one behind Mahalla and five above the relegation zone.
Elsewhere, in-form Ittihad shared honors with ENPPI in a 1-1 draw.
Egypt winger Ahmed Al-Muhammadi put ENPPI in front in the 29th minute after converting a penalty but Ittihad striker Mohamed Ragab headed home six minutes before the break to secure a share of spoils.
Ittihad, who extended their unbeaten run under Brazilian coach Carlos Cabral to nine matches, lie seventh on 20 points. ENPPI are fifth with 21 points.