Latest in Stock Market Highlight
Latest in Stock Market
Egypt shares to maintain bullish trend as investors build new positions amid fresh stimulus
Benchmark index EGX30 ended three-month declining streak, rose by 2.75% in August
Sarwa Capital IPO on EGX to include new shares, 40% of existing shares,52% net profit CAGR (2013-2017)
Beltone to act as sole global coordinator, bookrunner
Abu Qir Fertiliser to list 30% stake in Egypt stock market by year’s end
The government IPO programme aims at expanding shareholder base and increasing market capitalisation
How far Turkey crisis could affect emerging markets including Egypt in long run?
Turkish fall appears to cause sentiment towards EMs more generally to deteriorate
Egypt shares to extend rally amid fresh liquidity, target 16,000 points in mid-term
Benchmark index EGX30 rose for second week in a row as foreigners buy
30% of Abu Qir Fertilisers to be offered on EGX: Tarek El-Molla
Minister of Petroleum Tarek El-Molla announced on Friday that 30% of Abu Qir Fertilisers (ABUK) shares will be offered on the Egyptian stock exchange (EGX).
Shuaa Capital mulls acquisitions or strategic partnerships in Egypt as it considers expansion
Company currently ranked eighth among biggest brokerages in local market
CIB’s robust interim financial results in Q2 driven by resilient margins: report
Investment income failed to support non-interest earnings as it fell by 61%
Egypt shares resume rally as corrections, profit-taking finally over amid fresh liquidity
Market expected to move upwards in mid-term, bolstered by earning season
Egypt aims to raise EGP 8-10bn from IPOs of state-run companies in FY 2018/2019
Government last week announced names of first five companies that will offer shares in 2018
Suez Canal Bank to see significant turnaround in asset quality in 2018: report
Lending growth is expected to increase to EGP 2.407m in 2022
Egypt shares await fresh stimulus to resume rally amid lack of catalysts
Main benchmark extended downward trajectory last week on sell-off streak
Egypt shares seen moving sideways as market lack to fresh stimulus
Government approval on first steps of its IPO programme expected to serve as a catalyst
DBK Pharma plans dual listing on EGX, TASI by H1 2019
Pharmaceutical firm is considering to offer about 25% stake on two markets
AMOC stock to extend rally on new project plan: report
Company’s profits rose 79% year-over-year to reach around EGP 443m
EFG Hermes concludes advisory role for GBP 125mn IPO on London Stock Exchange
EFG Hermes, a leading financial services corporation in frontier and emerging markets (FEM), concluded its advisory role to international microfinance lender ASA International (ASAI) on its GBP 125m initial public offering (IPO) on the London Stock Exchange (LSE). With a 12-country footprint spanning Asia and Africa, ASAI is one of the world’s largest private-sector microfinance …
QNB Al Ahli to move upwards in short-term on any adjustments to raise free float
Lender records a 27% year-over-year increase in consolidated profits for H1-2018
Egypt shares keep corrections alive as investors book gains awaiting fresh stimulus
Main benchmark index EGX30 falls 1.52% to 15,879.81 points in heavy trade
Egypt shares to resume rally as investors expected to capitalise on cheap valuations
EGX30 to move between 16,000 points, 16,500 points in a heavy trade amid fresh liquidity
Stability of EGP value a good sign to exchange currencies between Egypt, China, says Chinese ambassador
Egyptian exports to Chine have been increased by 300% during previous year due to efforts by two governments, says Song
Egyptian Exchange closes in red on Tuesday as market cap loses EGP 12.3bn
The Egyptian Exchange (EGX) lost 12.3bn of its market capitalisation, ending Tuesday in red territory following a sharp downturn in its indices to reach EGP 902.731bn by session’s end
Saudi inclusion in MSCI index to have marginal impact on Egypt’s stock market: report
EGX30 has been seeing outflows over past two months, dropping 9.2%
Egypt’s consumer sector to fully recover by early 2019 as inflationary pressures ease
Market indicators suggest there was broad-based market slowdown in 2017
Egyptian shares to resume rally soon amid fresh stimulus as economic reforms push on
Benchmark EGX30 index may retest resistance at 16,260, 16,336 points
Egypt amends some provisions of listing, delisting rules for EGX
The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992. Mohammed Omran, chairperson of the …
Ezz Steel revenues to stand at EGP 50bn in 2018 on higher sales: report
Company’s distributed dividend per share to be in EGP 1.1-1.3 range
Elsewedy Electric actively exploring new growth avenues with focus on infrastructure
Company pushing ahead with building recurring revenue streams in power generation
Egypt Exchange to resume rally after Eid holiday as corrections end
EGX30 to move towards 16,800 points, EGX70 heads towards 860 points in heavy trade
EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses
The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total. The losses were driven by random selling from foreign and Arab companies, as well as investment funds. However, the EGX closed after falling into the red zone, losing about EGP 15.5bn, and recording EGP 912.127bn. …
Al Ezz Dekheila Steel net profit in 2018 to stand at EGP 2.1bn: report
Company turned to profitability in first quarter of this year