Latest in Stock Market Highlight
Latest in Stock Market
EGX-listed companies shrug impact of Coronavirus on sales
Companies importing production inputs from China look for new suppliers
CICH’s strong 2019 profits driven by Corplease
Total revenues reached EGP2.6bn growing 39.2% YoY
Market maker licence expected to be out this month
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
At the receiving end of the commodity rut; top picks are MOPCO, KIMA & ABUK
CCAP, SKPC, and AMOC represent substantial upsides, but, with significant event-based risks
Amr El Kady becomes deputy CEO of Hisham Talaat Moustafa
Talaat Moustafa Group (TMG) has announced Amr El Kady has joined the group as deputy to Hisham Talaat Mostafa, CEO and Managing Director of the group.
Pioneers Securities snaps brokerage ranking top spot in January with 11.7% market share
CIBC came in second place with 10.3%, FBG third with 10.1%
HHD achieves net profits of EGP 351m in 2H 2019
The company attributed the increase in its revenues and profits to the sale of a plot of land to Zahraa El Maadi Investment and Development for EGP 481m.
Vodafone’s possible acquisition deal reinforces EGX to test 15,000 points
Market capital up 1.5% reaching EGP 708.1bn
Al Ahly Capital’s total investment portfolio EGP 8bn; targets adding EGP 500m in 2020
Company’s investment portfolio for healthcare to reach $300m within 3 years
EGX launches new index EGX70 EWI on Sunday
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points.
EGX expected to maintain sideways at 13,700-14,000 amid low liquidity
EGX30 to test 14,100 this week: MEDAF
Beltone expects interest cuts by 300 basis points in 2020
In a research article, Beltone expected the Central Bank of Egypt (CBE) to continue monetary easing through interest rate reductions by about 300 basis points in 2020. The article also predicts that the CBE will keep interest rates unchanged after the next Monetary Policy Committee (MPC) meeting scheduled for 16 January. This will be in …
Transportation companies expects major growth in 2020 due to planned major support
2% expected growth in a number of AlexCont’s containers this fiscal year: Pharos
EGX back in green zone amid expectations to test 14,000-14,200 pts this week
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
FRA announces excluded candidates in MCDR election
The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
El Sewedy Electric’s subsidiary to develop EETC regional control centre for EGP 584m
The project’s contract was signed last Thursday, and Egypt Cable will start implementing the project within 20 months of receiving the down payment of the contract.
Ezz Steel records EGP 4.2bn losses in 9M 2019 as demand decreases
Company saw increase in rebar production by 1% to 2.55m tonnes until end of September 2019
Positive outlook for EGX in 2020
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
Orange Egypt fastest internet data network in last 5 months
The NTRA relies on its Service Quality Control Centre to prepare a monthly report on the quality of services for telecommunications companies, and the centre began issuing its first report several months ago.
S&P 500, Nasdaq, Dow Jones rise to record highs on back of US-China trade deal
The new levels mark the best annual performance since 2013 and yet may put in a return not seen since 1997 depending on trading on the final two days of the year next week.
EGX expected to recover after Xmas holidays: experts
Expectations of market cohesion at the end of the year despite the absence of influential forces: Elnemr
Azimut manages EGP 8bn worth assets in Egypt and $70bn globally: Abou El-Saad
Company aims to increase local managed assets to EGP 10bn by the end of 2020
CI Capital expects Egypt’s FDIs to reach $7.4bn in FY20
The CBE is speculated to pump 50% of the expected liquidity during 1Q2020, while it will maintain interest rates during the remainder of this year.
CIB leads EGX recovery
Expectations of continuing increase at 14,350-14,500 levels during this week: El Rawy
2020 is the year of sustainability on Arab stock exchanges: AFE’s Secretary General
AFE reshaped its Board of Directors to 8 members
Drop in leading stocks pushes EGX30 to decline further, though expected to bounce back this week
Rameda IPO disappoints and deepens the wounds of EGX, says Mohamed Kamal
Arqaam ranks first in October with EGP 4bn trading value
Hermes comes in second place with transactions of EGP 3.5bn, and Financial Brokerage Group is third
Leading shares expected to test resistance level at 15,000 points this week
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Rameda targets stock market debut in 4Q 2019
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Egypt’s cement sector volume recovers in 3Q19, increasing by 6.3% QoQ
Naeem expects producer margins to have remained steady as cost savings from the decline in coal prices are estimated to have been offset