Latest in Stock Market Highlight
Latest in Stock Market
Brokerage companies pin hopes on flotation, government offerings to improve exit negotiations
Executives confirm that acquisitions are now based on minimum value of brokerage licence or companies’ book value
Will the EGX achieve more record increases this week?
Experts said they cannot determine a specific vision for the EGX following its significant performance last week due to the decline of the Egyptian pound
Recommendations for selective purchasing of stocks as EGX30 moves sideways
EGX expected to move between 11,200 to 11,500 points
Arab institutions save EGX from repercussions of church bombing
EGX closes in the green, up by 1.29% on Monday
How will stock exchange investors interpret the Abbasiya Coptic Cathedral explosion?
Analysts in securities brokerage companies expect the explosion at the Saint Mark’s Coptic Orthodox Cathedral in Abbasiya on Sunday to accelerate the pace of an awaited decline in the Egyptian Exchange (EGX) in Monday’s session. Experts suggest that the explosion, preceded by another one in Al-Haram street in Giza two days ago, will lead to …
CI Capital promotes offer for Obourland on stock exchange in 5 global markets
The markets include the US, England, South Africa, Saudi Arabia, and Emirates—Dubai and Abu Dhabi in particular
Technical analysts recommend buying as shares fall during opening sessions of week’s trading
The market is expected to benefit from a support level of 10,900 points and targets 11,550 points
GB Auto increases car prices 3 times in November, causes temporary shock in market: Ghabbour
Sales will return to normal within a few days, says the chairperson
IPP to re-offer 10% of its shares in December
The International Printing and Packaging Company (IPP) will reoffer 10% of its shares in the stock exchange in December, according to a statement by Mustafa Nagy, director of investor relations in the company. Nagy said the decision was taken after conditions on the stock exchange improved following the flotation of the Egyptian pound and a …
Mubasher set to acquire financial company to stimulate expansion plan: officials
We assigned a chartered accountant to begin establishment of Mubasher Holding, says Rashad
EGX faces 2 different scenarios following record increase
The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursday’s session will result in two possible scenarios: the …
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target 11,200 points this week, say investment managers
Pound flotation attracts foreign investors to EGX
Heads of financial institutions contend that these funds are high-risk
Pound flotation attracts foreign investors to EGX
Heads of financial institutions contend that these funds are high-risk
EGX continues heading north in 3rd session after pound flotation, recording highest rates since 2010
The Egyptian Exchange (EGX) closed on Monday on high rises in the third session following the flotation of the Egyptian pound. The main index EGX30 closed with a hike of 5.38%—the highest rise since February 2010—registering 9,852.7 points. The market saw trading valued at EGP 2.1bn, which is the highest since April 2010, with 688.9m …
Profit-taking process permeates EGX’s performance
Index targets 8,500-9,200 points, say analysts
EGX celebrates freezing capital gains tax, rises 0.91%
The decision will attract new investors, and lead next governmental and private IPOs to succeed
EGX30 expected to move sideways between 8,248 and 8,343 points
EGX30 expected to move sideways between 8,248 and 8,343 points
Tesla shares flying on surprise profit
Tesla shares have gained more than seven percent after the electric-car and battery maker reported its first quarterly profit in three years and said it was on track to meet its delivery targets for the year.
EGX30 expected to move sideways to 8,000-8,500 points: analysts
Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …
Government should not exaggerate company assessments in order for IPO programme to succeed: EGX chairperson
Corporate structuring before an IPO is an essential step, which takes more than a few weeks or months
EGX to break through resistance level of 8,500 points
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
Resuming the commodity stock exchange depends on the Supply Ministry’s current direction: Samy
EFSA will proceed with establishment of commodity stock exchange under all circumstances
EGX30 expected to test resistance level of 8,500 points
Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …
EGX waiting to receive registration requests for investment funds’ certificates: Omran
When the authorities related to investment funds request to register their certificates in the EGX, this will contribute to making amendments in the trading system and the rules of IPO, says Omran
Does GCI’s assessment of the Egyptian capital market reflect EGX’s real position?
While EFSA believes that Egypt deserves a better assessment in the ‘regulation of securities exchanges’, investors assert that rules of finance are more complicated
Foreign investors must regain trust in business environment if they are to return: EGX chairperson
Facing potential risks from reform decisions is better than remaining in the abyss, says Omran
Registering fund certificates in EGX to allow investors to compare market and book values: assets managers
To activate this step, the regulatory rules for funding activities must be modified separately from the Capital Market Law’s executive regulations
EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts
Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800 and 8,020 points. They recommended that dealers and investors take advantage of this predicted decline over the first few sessions of the week to buy …
Devaluation of Egyptian pound increases EGX’s hopes for restoring ‘hot money’
Investment, initial public offering (IPO), and securities promotion managers have conflicting opinions over whether the devaluation of the Egyptian pound has restored the Egyptian Exchange’s (EGX) attractiveness for foreign investors, and whether the action encourages them to inject “hot money” into the stock exchange—like what had happened before 2011 and what happened mid-2013. The experts …