Latest in Stock Market Highlight
Latest in Stock Market
How did EGX respond to Egyptian pound flotation?
EGX30 records seven-month high at 11,072 points
EGX rally following CBE’s governor resignation
The Egyptian Exchange (EGX) reacted positively to the resignation of the Governor of the Central Bank of Egypt Tarek Amer. The market responded with a collective rise in the indices at the conclusion of Wednesday and Thursday trading sessions. The Egyptian Exchange (EGX) market cap gains about EPG 9 billion, led by the share of …
Financial, commodity markets under pressure due to Russia-Ukraine war
EGX loses about EGP 24.4bn in last Thursday’s trading session
BariQ to be listed on EGX before end of 2023
ADES Group will soon be listed on the Saudi stock market
EGX awaits 6 new IPOs in 2022, equally divided between public, private ones
Macro Group and Ghazl El-Mahalla SC are the closest, followed by Ebtikar and Abu Auf
Will EGX get rid of selling pressure; go up towards 11,750 points this week?
The benchmark index EGX30 closed at 11,499.85 points last week, recording a decline of 1.98%. The EGX70 EWI also posted a 3.56% loss, concluding at 2,130.11 points, while the S&P index declined by 2.68% and concluded the period at 1,848.27 points.
Selling pressure threatens further decline in EGX to 11,500 points this week
EGX30 closed at 11,731.71 points, recording decline of 2.34% last week
Nahr Al-Khair Company to debut on EGX next Tuesday
Company targets EGP 130m in sales during 2022: Chairperson Sayed
Profit-taking continues to chase EGX30 above 12,000-point level this week
EGX30 closed at 12,012 points last week, recording decline of 0.26%
EGX on difficult mission to stay above 12,000 points
EGX30 closes at 12,043.42 points last week, recording increase of 0.79%
FRA approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn
They were: Macro Group for Pharmaceuticals (Macro Capital), with a fair value of approximately EGP 3.5bn and free trading rate of 45.8%, and the Nahr El-Kheir Company for Development, Agricultural Investment and Environmental Services, with a fair value of up to EGP 500m, and free trading rate of 61%. Both companies will be registered in the main market.
EGX supports government’s development plans by attracting foreign investments: Farid
During a meeting with 35 diplomats, Farid explained how the Egyptian stock market could attract foreign investments.
EGX maintains sideway movement in absence of incentives
EGX30 closed at 11,667.73 points, recording an increase of 1.15%. EGX70 EWI posted 0.79% gain concluding the last week at 2,131.58 points, while S&P Index rose by 1.47% and concluded the period at 1,906.71 points.
EGX has high chances to test resistance level of 11,730 points
The benchmark index EGX30 closed at 11,534.63 points, recording an increase of 1.91%. EGX70 EWI posted 1.97% loss concluding the last week at 2,114.97 points, while S&P index rose by 2.3% and concluded the period at 1,879.02 points.
Improving investment environment in financial markets is top priority for Euro-Asian Stock Exchanges: Farid
Farid asserted that the FEAS works on enhancing the capabilities of member exchanges in a way that contributes to increasing their competitiveness. The Federation also works on unifying the rules governing registration and trading on member exchanges, as well as facilitating investment procedures.
EGX eyes breaking 11,500 points resistance level
The benchmark index EGX30 closed at 11,318.35 points, recording a decline of 0.99%st week. EGX70 EWI posted a 3.59% gain concluding the last week at 2,157.56 points, while S&P index rose by 0.8% and concluded the period at 1,835.82 points.
EGX expected to continue sideways movement between 11,300 – 11,750 points
The benchmark index EGX30 closed at 11,431.24 points last week, an increase of 0.82%. EGX70 EWI posted 3.31% gain concluding the period at 2,082.7 points, while S&P rose by 2.53% and concluded the period at 1,826.43 points.
Recovery expected in EGX performance after government’s incentives package
He also ordered the establishment of a special unit in the General Authority for Investment and Free Zones (GAFI) to provide a fast track for stock exchange companies, as well as study the amendment of the preferred shares system so that there is greater flexibility and freedom in their issuance.
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EGX poised for real test between continued e-finance shares celebrations, profit-taking
The huge trading in the share of the fintech company brought the communications and information technology sector back to the top of the active sectors on the EGX during the past week.
Aspire Capital establishes microfinance company with EGP 30m capital
New firm in process of obtaining necessary licences from Financial Regulatory Authority
IPO of state-run fintech platform ‘e-finance’ expected to be covered 50 times
Despite optimism among EGX traders about e-finance offering, inflation and energy crises threaten continuation of market rise
EGX to see bullish signal when breaching above 10,710 points with relatively high volumes: Expert
EGX30 closed at 10,536.39 points, recording increase of 0.18% last week
Recent offerings revive hopes of EGX dealers of recovery
EGX30 likely to move sideways between 10,400 and 11,000 points in coming sessions: Agina
US Fed’s hint of scaling back stimulus confuses capital markets around world
Outlook for EGX70 EWI turns negative after it breached lower limit of consolidation movement: Arabeya Online official
EGX continues trading above support level, increasing chance of resuming upward move
The benchmark index in the Egyptian Exchange (EGX30) has closed at 11,056.27 points, recording a decline of 2.17% for the week. The index was still above its support level of 10,900 points, and it managed to form a higher low pattern. Meanwhile, the bullish scenario suggests that EGX30 will rise to the resistance level of …
ECMA proposes starting EGX trading sessions earlier to find room for shares’ closing price calculation
The Egyptian Capital Market Association (ECMA) has welcomed the introduction of a new method to calculate the closing price of stocks at the Egyptian Exchange, noting that the new system is applicable in more than 90% of the world’s stock exchanges. However, ECMA suggested starting the trading session at 9:00 to find room for applying …
238 companies are currently listed on EGX, with total market cap of EGP 731bn: Chairperson
EGX currently has treasury, housing, companies, and securitization bonds worth EGP 2trn
Expected profits in Egyptian Exchange this week after strong rise of some leading stocks
Market going through temporary state for 2 months, we approach its upper limit: Beltone’s Agina
CIBC leads brokerage ranking in August 2021 with 18.7% market share
Hermes Securities Brokerage came in second place with market share of 7.3%