Latest in Stock Market Highlight
Latest in Stock Market
HHD’s offering on EGX postponed to 2020 until settling management contract
ALCN, AFC listings expected to be deferred to 1Q 2020
FRA approves trading fees reduction on EGX transactions to boost investment
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
Pharos expects inflation should end 2019 with an average of 8.9% YoY
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Lower inflation and interest rates herald green week on EGX
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
FRA moves to reduce fees on EGX transactions by 41%
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
Egypt’s IPF approves insurance coverage for listed firms on EGX
Omran said the IPF will provide insurance coverage of the actual financial loss of member clients in the companies operating in the field of securities and financial instruments against non-commercial risks
EGX rises 3.3%, supported by Egyptian and foreign purchases
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
End of political tensions, interest cut boost EGX’s gains this week
Lower interest rates will encourage investment borrowing, says Abu Basha
EGX starts to reverse losses, climbing 2.5% following 8-day drop
CIB hikes by 5% and Eastern Company by 4.7%
Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC
EGX blue-chip index plunges by 3.16% in morning trading
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
EGX indexes bleed due to “Friday disruptions” in Egypt
First time to suspend trading in the EGX 100 since 2016
Government to reimburse delayed export rebates: Oriental Weavers?
The program also allows exporters to apply for industrial land through the new online land allocation portal.
EGX expected to recover during this week’s trading sessions
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
EFIC plans to dedicate 1,000-tonne production line for exporting by early 2020
Naeem raises target price on EFIC to EGP 13.4/share, upgrade its recommendation to Buy
Eight companies plan to issue securitisation bonds in upcoming period
NUCA, Palm Hills, Raya Holding closet to implementation
CIAF Leasing to launch $50m worth Sukuk in December
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
EGX expected to continue positive move supported by lower inflation, more potential rate cuts
The EGX30 index rose 1.2% during the last week’s trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.
Securities lending to be conducted through custodians under MCDR system: Abdelbary
New short Selling mechanism to be launched before end-November
EGX is studying ways to use financial technology in developing its services: Farid
Financial markets pioneered use of financial technology, are the basis of technological innovation
EFG Hermes snaps brokerage ranking top spot in August with 40% market share
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
Beltone holds 38.8% of asset management market, Hermes manages largest number of funds
Arab African International Securities targets EGP 7bn in managed assets by year-end
Banque Misr Money Market Fund accounts for largest market share by 33.2%
FAB scores highest growth in assets by 258.9%
Investment funds attract EGP 6.3bn in assets end-June
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
Changelabs supports startups with EGP 2m
ValU contracted with an insurance company to install the value of car insurance
Cement sector dynamics remain exceptionally challenging
Accordingly, we like companies that operate towards the lower end of the cash cost curve such as Arabian Cement Company (ARCC), cash rich companies such as Misr Beni Suef Cement (MBSC) and Suez Cement (SUCE) should the company succeed in unlocking the value of non-core assets
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
CBE interest rates cut to positively impact businesses, EGX, banks to readjust
Experts forecasts further cut before end-2019, debt instruments remain attractive
EGX, Public Enterprises Sector Ministry sign deal to increase IR efficiency in 15 companies: Farid
The Minister of Public Enterprises Sector, Hisham Tawfek, said his ministry has 119 subsidiaries under the law No. 203, in addition to 107 other companies under the same law but affiliated to other ministries.
EFG Hermes earnings reach EGP 304m on operating revenues of EGP 1.1bn
Large private company to be offered on EGX by November