Latest in Stock Market Highlight
Latest in Stock Market
Government resumes offering 25% of Enppi on EGX
The government committee supervising the state IPO programme gave the green light for resuming offering process of the Engineering for Petroleum and Process Industries (Enppi) on the Egyptian Exchange (EGX). Officials responsible for the offering process have resumed their meetings with Enppi’s representatives in the past period, an informed source told Daily News Egypt, adding …
EGX lists Orascom Development Egypt on EGX30 index
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …
Ezz Steel to experience hard times on unfavourable market dynamics: report
Local steel producers have consistently utilised rebar protective tariff to fullest
EGX to launch new index as the market target fresh foreign liquidity
Market capitalisation will be set based on weight of free-float shares of each company
Egypt stock market to move upwards in mid-term on strong earnings season start
Benchmark EGX30 rose 4.5%, or 620.03 points in week, finishing at 14,126.68 points
Funds managed by CI Capital tops Egypt’s Funds’ Performance Report’s rankings
‘Thabat Fund’ achieved highest cumulative returns in Egyptian Market in 2018 with 20.80%
Juhayna stock still attractive for investors despite earnings cut: report
Demand growth to be muted in short term on continuation of economic reforms
Egypt shares to move sideways awaiting fresh stimulus ahead of imminent earning season
Benchmark EGX30 index went up 115.55 points to close at 13,482.99 points
TMGH mulls new project as company expands in Egyptian market
Possible property bubble is out of cards, says Hisham Talaat Mostafa
Polyethylene prices to weigh on Sidi Krir Petrochemicals performance in 2019: report
Company experienced some pressure on margins throughout 2018
Egypt stock market to keep rally alive as foreign investors likely to build new positions
EGX30 gains 0.7% in week to close at 13,367 points; target resistance at 13,775pts
Market awaits new index in March to stimulate trading, says bourse’s chairperson
Net foreign purchases rose to EGP 21.98bn during period from flotation to December 2018
Global M&A deal activity down on trade tensions; deal value remains high- report
Buyout activity reached $556.6bn, its highest total in a decade
Optimism rises for EGX in 2019 as sell-off streak could finally come to end
Implementation of IPO programme this year one of key market-boosting catalysts
Eastern Company’s employees profit share increase to weigh on performance: report
Firm surplus cash balance dropped by EGP 3bn to EGP 1.78bn
2018: year to forget for EGX amid wider sell-off streak in global markets
EGX30 ends lower 1.16% in last week of year as foreign investors exit
Orascom Construction to deliver stellar performance in 2019 on Egypt profitability: report
Company backlog to remain skewed towards infrastructure projects
EFG Hermes’ Vortex Energy exits 998MW wind partnership with EDPR
Sale involves one of largest wind energy portfolios in Europe
Egypt shares to move upwards ahead of year-end bolstered by blue-chips stocks
EGX30 rose by 140 points or 1.08% in week, closing at level of 13,137.5 points
Egypt postpones government’s IPO programme amid emerging market speculation: OBG
Despite volatility, country has fared better than other emerging markets due to economic reforms, says chairperson of HC Securities
New venture to bode well for Domty margins in 2019/23e: HC Securities
The company is expected to add 11% gross profit estimates in the five-year period
The worst could be finally over for Egypt stock market ahead of year end
The market is expected to extend gains as local and Arab investors build new positions
Turnkey segment to drive Elsewedy Electric revenue growth in 2019: report
Company likely to secure average awards of $959m, margins to hover around 17%
Egypt shares to extend bearish action towards end 2018 amid turmoil in global markets
EGX30 lost 7% in a week; market cap fell to its lowest level since currency floatation
EGX rises again after 5 days from tax accounting decision on governmental debt instruments
Today the Egyptian capital market has started to rise again by small rate due to some reports saying that the Federation of Egyptian Banks (FEB) is trying to reach an agreement with the ministry of finance.
Raya Holding’s founder seeks bank finance to acquire 58% stake
Company plans to hold talks with investments banks to resolve issue
MENA Cables Transaction saved bottom line for Orascom Investment in Q3: report
Company posted a 346% y-o-y hike in consolidated profits for 9M18
Egypt shares to move sideways as CBE leaves interest rates on hold
EGX30 closed almost flat last week as foreign investors book gains awaiting fresh stimulus
Global Telecom revenue declines despite organic growth, net losses magnified by impairments
Company reported net losses of $379m in Q3 2018 against $9m last year
Egypt shares resume rally bolstered by positive earnings season amid heavy liquidity
EGX30 records biggest weekly gains in 3 months, moving upwards in short term