Latest in Stock Market Highlight
Latest in Stock Market
CI Capital reports 128% hike in 9-month profit as revenues accelerate
Company’s profit after taxes, minority interest, increased by 2.3 times
Sidi Kerir Petrochemicals margins strained by feedstock quality: report
Company registers a 31% year-over-year rise in profits for first nine months of 2018
Egypt shares to move up as investors likely to hunt for cheap valuations stocks
EGX30 benchmark index rose by 1.3% or 178.59 points, at 13,202.32 points level
Egypt shares fall in a thin trade amid uncertainty about government IPO programme
EGX30 loses 0.8% to close at 13,524.67 points as foreign investors dump local stocks
Egypt shares to move sideways amid weak liquidity as investors await fresh stimulus
EGX30 returns to gains in the third week of October recovering from steepest fall in 3 months
Trading on Sarwa Capital shares begins
IPO covered 30 times, private placement coverage score 10.8, Arabs, foreigners take 52.3% of total offering
Zulficar & Partners tapped as legal counsel on 4.5% stake sale of Eastern Company
Transaction is scheduled to take place sometime between 21-25 October
Egyptian government needs to focus on pro-investment measures to avoid EM contagion: report
Market is expected to raise EGP 20bn from IPOs in coming months
Egypt shares edge closer to bear market as sell-off pressures continue
EGX 30 tumbles 6% in a week, marking worst loss in almost a year
Sarwa Capital records EGP 27.5bn in public and private offerings
2 US institutions enter market for first time, return of Arab, foreign institutions following 2011 revolution
Sarwa Capital to launch trading on EGX next week amid heavy demand from institutional investors
Company targets new sectors including factoring, SMEs, financial services
Hassan Allam to list shares on EGX, LSE, prices to be announced by November
One of few companies that announced float of public offering of existing shares to be listed on LSE
Sarwa Capital to start trading its shares on EGX 15 October, EGP 7.04 to EGP price range
Company concluded roadshow spanning US, UK, South Africa, GCC with strong interest for Offering from local, international investors
El Farasha revives IPO plans in Q3-2019, as it mulls expansion in the Egyptian market
Company to hire advisors to manage offering by year-end
Cement sector profits to rebound next year after another hit in H2-2018: HC Securities report
Negative sentiment around sector oversupply overplayed; local demand to recover soon
Egypt shares to sustain gains as Central Bank leaves interest rates unchanged
EGX 30 rallies 3.8% or 548.9 points, closes at the level of 14,632.40 points
Egypt shares resume rally as foreign investors hunt for cheap valuations stocks
EGX 30 index gained 177.77 points, 1.26%, closes at 14,261.25 points
EGX closes in red, loses EGP 29.3bn in market cap
Economy is able to deal with consequences of EM crisis negative effect, says Moeit
7.8% increase in exports’ value in June 2018
CAPMAS , Imports’ value increased by 28.2% to $5.72bn during June 2018, versus $4.46bn for the same month of the previous year
EGX witnesses largest daily loss since five years in wake of stock market manipulation case
Panic caused individual traders to sell, accounting for 70% of transactions
Stock market manipulation case: experts’ report has shortcomings
Gains of all dealers of Al Watany Bank of Egypt deal deemed legitimate, says experts committee
HSBC named lead bank for 20% listing of Egypt’s AMOC IPO: ministry
Offering aims at raising up to EGP 2.8bn
Export Development Bank of Egypt robust quarterly earnings driven by hike in topline: report
Lender’s stock trading at attractive multiples compared to peers
Egypt stock market to move sideways amid wider emerging markets turmoil
Investors likely to start fresh selloff streak awaiting new stimulus
Government IPO scheme launches in full swing with Eastern Company’s additional 4.5% stake
NI Capital picks up EFG Hermes to manage offering, says Moeit
GTHE minority shareholders to turn down Veon’s offer to acquire assets: Pharos report
Voluntary delisting, rights issue to close financing gap in cards
Egypt shares to move upwards as government’s IPOs programme kicks off
Foreign investor to pump fresh liquidity in blue-chip stocks in short-term, analysts say
EGX aims to increase youth investors percentage, currently standing at 30-35%: EGX chairperson
The Egyptian Exchange (EGX) is targeting the younger generation to raise awareness, as currently, only 30-35% of them are investors. In order to increase this percentage, the EGX will introduce incremental savings approach to attract them an approach implemented in many capital markets for long-term investments, said Mohamed Farid, chairperson of the EGX. Farid statements …
Keeping reform momentum, revolutionising Egypt’s business climate way forward: co-founder and managing director of Qalaa Holdings
ERC to be commercially operational in 2019, plans for next phase of growth across the group
Orascom Construction EBITDA margins to increase 1.5% in second six months of year: report
Company posted 113% y-o-y hike in net profit during Q2 2018