Latest in Stock Market Highlight
Latest in Stock Market
El-Sherif establishes consulting and law firm
El-Sherif worked in the legal field before joining the legal administration of the EGX in the early ‘90s.
Opinion: One fried stock, please!
While Chinese investors can’t seem to satiate their hunger for domestic shares, the Germans are avoiding them like the plague. But there are plenty of exceptions, according to our columnist Zhang Danhong. When Klaus was first handed the certificate that made him an official VW shareholder, he was only 8 years old. His parents wanted …
EGX rises minimally, remains affected by global performance
Response of capital market was violent following expectations of a global economic slowdown, Omran highlighted
US, European stocks plummet after China rout
Panic selling gripped US and European stock markets on Monday after Chinese shares sank deeper, posting their largest intra-day fall since 2007 on worries that the Asian powerhouse was in for a hard landing. US stocks tumbled in opening trade on Monday, with the Dow plummeting more than 1,000 points or 6 percent within minutes …
World stock markets post worst week of 2015
World stock markets have tumbled on concerns over a slowdown in China. The week ended with reports of more manufacturing gloom in China and investors moving to the safety of bonds and gold. In the US the Standard and Poor’s 500 index saw its biggest daily percentage drop in nearly four years on fears of …
Walmart drags down US markets
The world’s largest retailer was the biggest drag on the Dow Tuesday after it disappointed investors with weak second-quarter results. The company has been struggling to compete with online merchants and dollar stores. Shares in US retail giant Walmart fell by more than 3 percent Tuesday as its quarterly results fell short of expectations, hit …
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
Allianz profits on track, but stock sags
Europe’s biggest insurer has confirmed its full-year earnings forecast as a result of low damage claims and gains from asset sales. But investors were unimpressed, pegging the stock lower. German insurer Allianz announced Friday it would post operating profit at the top of its target range this year, with earnings predicted to reach 10.8 billion …
China cracks down on automated trading
As stocks in China continue slipping, the Asian country’s securities watchdog has started looking into the impact of computerized trading on the share market. It hopes to stop the current volatility of stock prices. In its latest bid to restore calm to the domestic stock markets, Chinese authorities confirmed Friday that they’d started investigating automated …
Twitter surprises investors with strong earnings
Despite the problems facing the social media giant, Twitter has posted an unexpected jump in quarterly revenue. The company is still struggling to attract more users and is looking for a permanent CEO. San Francisco-based Twitter Inc. posted a revenue of $502 million (454.7 million euros) in the second quarter, an increase of 61 percent …
Beijing springs to action as China shares gyrate
Asian markets were mostly down on Tuesday as Shanghai saw another day of wild volatility a day after the heaviest one-day losses in more than eight years. China's government pledged to lend further support. China's benchmark Shanghai stock index closed down 1.7 percent on Tuesday, slashing losses from earlier in the day but still defying government efforts to improve sentiment…
OCI NV pursues dual listing in Egypt, UAE
Company is targeting to list on the two exchanges during the first quarter of 2015
Stock market main index rises by nearly 5%
EGX-30 registers 8498.65 points on Thursday
Egypt index falls after deadly car bombing, Dubai hits resistance
By Olzhas Auyezov – Reuters Egyptian stocks have been on the rise since the ouster of former president Mohamed Morsi in July, driven largely by local retail investors who support the new army-backed government – but are wary of any escalation of violence. “Yesterday was a dramatic day and the country has entered a period …
Egypt-Turkey market link project stalled
Following Egypt’s political turmoil, the linking of the Egyptian and Turkish stock exchanges postponed
Stock market witnesses first gain in a week
The bourse registered its first gain since the Ministry of Interior dispersed sit-ins in support of former president Mohamed Morsi
Dispersal of Pro-Morsi Vigils deals a blow to the bourse
1.7% drop in Egypt’s benchmark index amid dispersal of pro-Morsi protesters.
Omran: Committee to stimulate the Nile Bourse and study over-the-counter markets
A committee tasked with putting forth suggestions to stimulate small and mid-sized projects on the Nile Bourse, in addition to studying market conditions on the over-the-counter (OTC) market, will be created for the benefit of investors, according to Mohamad Omran, Chairman of the Egyptian Bourse. In statements made to the Middle East News Agency …
Omran: my nomination was a surprise
Local media have reported news of new bourse head and chief of EFSA
Delisting of six stocks from EGX30 will not affect market: Bourse head
Atef El-Sherif said delisting is a normal measure that occurs every six months
Stock market’s indices turn green
Positive performance for EGX as the week begins, experts to re-assess end of the week
Markets risk ECB disappointment after Draghi remarks
ECB chief Mario Draghi statement on doing whatever it takes to preserve the euro sent stock markets soaring and reduced Spanish borrowing costs
Cabinet formation to steer EGX performance this week
The stock market took a hit when HeshamQandil, Minsiter of Water Resources and Irrigation, was chosen to lead the new government
Stock market exceeds analysts Ramadan expectations.
EGX stable at the end of Ramadan’s first session.
European stocks steady after Moody’s action
AFP – Europe’s main stock markets were largely steady in early trade Tuesday as positive Chinese data helped to offset ratings agency Moody’s shock decision to lower its outlook on Germany, dealers said. London’s benchmark FTSE 100 edged up 0.03 percent to 5,535.87 points, Frankfurt’s DAX 30 fell 0.26 percent to 6,402.65 points and in …
Stock market performance surpasses analysts’ Ramadan forecast
By Fatheya Al-Garhy The Egyptian Stock Exchange (EGX) closed after the first session of Ramadan with prices maintaining relative stability, the opposite of what most analysts expected. Observers predicted that the EGX’s indices would experience sharp declines in the value of trading with the start of the holy month. The shares of Orascom Telecom Media and …
EGX plugs to global markets
The HUB FIX project connects the Egyptian Stock Exchange to markets across the world via the networks of Fidessa and ULLINK
EGX trading to relax during Ramadan
Trading on the Egyptian Stock Exchange is expected to experience Ramadan lull as traders await political developments over the holy month
EGX trading volumes decrease due to delay of cabinet formation
Corrective movement among the indices of the Egyptian Exchange happened last week after a period of steep increases that began with the announcement of Mohamed Morsy as President.