Latest in Stock Market Highlight
Latest in Stock Market
TMG’s sales score EGP 11.7bn in 1H2019, shares up 37%
Naeem expects cooling down of sales in Celia during 2019
Eastern Company increases cigarette prices to cover fuel, electricity price hikes
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
NI Capital to launch tender for HHD’s 15% stake offering bookrunner in September: sources
HHD opens door for real estate developers to compete for managing company’s portfolio of assets
Sally Soliman: Prime Holdings Group’s New Interface
Prime Holdings announce Sally Soliman as Head of Marketing and Corporate Communications for the group.
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Fawry’s institutional offering 15.9x oversubscribed, priced at EGP 6.46/share
Institutional offering of Egyptian e-payment network Fawry was 15.9x oversubscribed at EGP 6.46 per share (offer price), having generated about EGP 7.1bn ($431.0m), the offering manager EFG Hermes announced in a press statement on Thursday
EGX considers listing mutual fund investing in government debt instruments
The EGX welcomes all new financial products that can attract new segments of investors as long as they are consistent with the EGX rules and procedures.
EGX relies on Fawry IPO to recover, break out of sideways range
Most of this liquidity will come from Fawry IPO which is expected to energise the Egyptian Exchange (EGX), increasing the chances of profit through the expected rise in stock prices.
‘ALCN’ ending large step in promotion ready for offering in Q4
Completion of Terminal 96 deepening project phase 1 by end of current year
Trading of Fawry shares on EGX to start on 8 August at EGP 6.46
Company to implement insurance brokerage requests electronically in 4Q19, revenues expected to reach EGP 869.4m by year-end
EGX awaits catalysts to break out of its sideways range, record 14,100 points
Current share prices offer ideal opportunity for long-term investor, says Naeem Brokerage
EFG Hermes considers entering insurance sector
Company focuses on enhancing its market share in Africa
EFG Hermes plans to establish fund for investing in real estate sector by 2020
Hermes’ expected share in education fund investments in 2019 amounts to $40m: Moussa
Iron hits EGX trading last week amid increasing transactions
EGX expected to continue fluctuating in coming sessions
FBG increases its transaction volume to EGP 4.2bn in June
The improvement in transaction volume in June came in conjunction with the end of the holy month of Ramadan.
FBG tops ranking of EGX transactions with EGP 33bn, followed by CIBC
Mubasher aims to expand in Upper Egypt, says Sadek
Global Telecom settles $136m tax dispute
Veon declines GTH offer price to EGP 5.08m after new tax settlement
EGX expected to move sideways in anticipation of fuel price hike
Buying selected stocks amid possibility of correcting index towards 13,900
EGX performance in last 10 years catastrophic: Tawfik
Weak efficiency of EGX in creating market for exiting reduces chances of attracting direct investments, says Economic expert Hany Tawfik
Recession likely to dominate EGX in next two sessions
US-China trade conflict is confusing investors
El Sewedy Electric plans to set up new company in UAE as part of its expansion plan
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
EGX seeks to register 79 companies
Average capital of target companies is EGP 700m
EGX likely to continue trade decline amid hopes of US-China trade war end
Pharos expects main index to pass 13.800 points supported by decline in sales
Wadi Kom Ombo allocated 1,000 feddan within 21,800 feddan in Bahariya Oases
Wadi Kom Ombo Land Reclamation realised net profits of EGP 22.5m from July to March against EGP 20.8m of profits in the same period last fiscal year (FY).
Delta Sugar sells beet sugar stocks worth EGP 1bn before end 2019
Export of 100,000 tonnes of molasses before year end: Farid
Talaat Mostafa Group achieves EGP 4.4bn sales, EGP 476.7m net profit in Q1 2019
TMG Holding announced an increase of its property revenue to EGP 1.2bn by end March
EGX issues standards of securities qualifying for short selling
Brokering companies should now prepare themselves to meet requirements, says EGX chief
FRA considers new amendments to short selling controls
Proposed amendments include offering shares for borrowing through MCDR