Latest in Stock Market Highlight
Latest in Stock Market
Expansion pack implemented by Atlas Investment subsidiaries in 2019
Case against Agricultural Projects Authority to be considered on 26 May to recover EGP 11m
Cabinet, capital markets stakeholders discuss boosting EGX, accelerating IPO programme
Stamp tax on EGX at max of 10% of profits, says ECMA chairperson
EGX posted biggest weekly drop since December, expectations of further decline this week
The main index EGX30 fell by 5.5% last week to 14,035 points, in its largest weekly decline since December.
Makasa Sport capital to increase by EGP 58m in H2 of 2019
Company will be listed on EGX before end of year and offering will take place next year
EGX to unify registration rules, circulation, disclosure in countries of Union of Arab stock exchanges
We will promote use of financial technology in Arab stock exchanges to counter informal markets: Farid
An insight into trading
The trade of currencies and the exchange rate is affected by the foreign exchange market.
CBE considers amending primary dealers system to encourage secondary debt market
Proposals include activating bonds market maker, allocating share of dealers to secondary trade, share for brokering companies
Nasr asserts EGX role in helping companies grow
Egypt receives AFE secretariat for this year
Bank Du Caire plans to sell stake in international market this year, says Chairperson
Share sale will range from 20% to 30% of bank’s total shares
Egypt shares to move sideways in short-term ahead of Ramadan amid weak liquidity
EGX30 index has short-term resistance at 15,262-15,320 points
SODIC nets EGP 500m contractual sales from Allegria Residence project
Egypt-based leading property developer planning to launch Six West project
Egypt shares to move sideways awaiting fresh stimulus ahead of Q1 results
Benchmark EGX30 index has resistance at 13,580 and 13,622 points
EGX on a roll as investors build new positions in blue-chips stocks
Market capitalisation gains EGP 15bn in a week, closes at EGP 830.25bn
EGX to see 3 new IPOs by 2Q19 as market conditions improve: sources
Companies work to finalise their prospectuses, issue requirements
Egypt shares to see profit-taking in short term awaiting 1Q19 earning season
Benchmark EGX30 index has resistance at 14,810, 14,930 points
EGX to move sideways in mid-term as it awaits fresh catalysts
Benchmark EGX30 index may retest 15,320 points if it breaks resistance at 15,000
Three private Egyptian firms finalising their listing procedures for EGX in 2019
We are still underdeveloped in establishment of REITs, says EGX Chairperson
Timing key factor for IPOs to succeed: Vice Chairperson of AAIS
Through offering, Eastern Company left public enterprise sector, became more affiliated to private sector
Offering banks’ stakes will be crossroad for IPOs: financial analyst
Implementation of IPO’s first phase is positive message indicating that state is serious, says Ehab Saeed
Launching IPOs will strengthen EGX in global stock markets: CEO of Prime Securities
Opted companies to be offered are good selections as they include big indexed names
Egypt seeks to raise EGP 100bn by selling stakes in over 20 state-owned companies: Bloomberg
Ten companies will see their shares floated for first time
Starting IPOs programme reflects successful economic reform plan: SIS
EGX experienced notable improvement in its performance, which enhanced investors’ confidence
New offerings will attract new investors, new capital into Egyptian market: head of securities division at FEDCOC
Market anticipating offering of petroleum companies, banks’ stakes, marking turning point for Egypt’s economy
Chosen companies to be offered in EGX will improve market liquidity: Abo Basha
IPOs programme is ‘raft’ for companies, simultaneously offering new financial resources for government
Banque du Caire restructuring plan underway ahead of possible Q3 2019 IPO
Lender set to float 30% stake aiming to raise EGP 10bn
Egypt shares to keep rally alive in mid-term as earning season goes on in full swing
Market expected to benefit from buzz around IPO government programme start
Egypt shares to test move upwards as foreign investors likely to inject cash-ins
Benchmark EGX30 index levelled up 677 points, or 4.79% in Feb to 14,803 points
Regional institutional funds account for almost 85% of Eastern Company private placement: source
Public offering of company to start Sunday amid expectations of heavy demand
Alta Semper Capital seeks opportunities in Egypt healthcare, consumer sectors
Company is planning to invest $200m over next two years
Egypt shares to extend rally as investors expected to capitalize on cheap valuations
EGX30 to move between 15000pts and 15500pts in a heavy trade amid fresh liquidity