Market awaits new index in March to stimulate trading, says bourse’s chairperson
Net foreign purchases rose to EGP 21.98bn during period from flotation to December 2018
Latest in Tag: bourse Highlight
Latest in Tag: bourse
Egypt bourse lifts restrictions on GDR deals as FX crunch eases
Egypt’s bourse on Tuesday officially eliminated restrictions on GDR deals, in a sign that the FX crunch that hit the most populous Arab country has been solved, according to a press release issued by the Egypt Exchange. The bourse said that its board of directors decided to remove restrictions that force the proceeds of global …
Egypt bourse among best worldwide in 4 years: Omran
Floating currency served as a boost to lure foreign investment
Analysts predict EGX-30 to remain insulated from larger downward trends
All indexes witnessed a surge during the past week
EGX-30 predicted to decline to 5,600 points during trading week
The cumulative deterioration in EGX-30 last week was 15.38%
Bourse is more than just price depressions and surges: Omran
The deterioration of stock prices was a trend for all emerging markets and Egypt was no exception, Omran highlighted
Dim international and domestic news pushes EGX down
EFG-Hermes unlikely to use stabilisation fund to support Emaar Misr’s stock in next 30 days, an official said
EGP 48.7bn traded on EGX in Q4 of FY 2014/2015
Egyptians control 80.94% of value traded during quarter, non-Arab foreign investors accounted for 13.17%, Arab investors captured 5.89%
Financial services, real estate companies lead stocks’ trade in May
Value of traded securities during previous month totalled EGP 18.3bn
MIDOR, Gas Cool, El-Neel oil marketing seek bourse listing
Ministry of Supply also studying FIHS’ listing
Public companies’ IPOs will be through capital increase: Omran
Investors do not mind applied taxes, but seek a clear and simple mandate, EGX chairman said
Ministry of Supply studies listing FIHC in stock market
Ministry of Petroleum is also studying possibility of capital market listing
Capital market sheds EGP 9.2bn
Trading day delayed for a minute to mourn lost Egyptian lives
Documents requested for stock market listing reduced
Up to six companies are expected to list on EGX before end of year
Capital market sheds over EGP 14bn
Egyptian markets influenced by losses in the international and Arabian capital markets
Capital market eager to present exchange traded funds (ETF) to investors: EGX chairman
Infrastructure, telecommunication and real estate show stock market promise
CIRF, Rasmala Securities halt technical evaluations of companies bidding to manage Egypt Post portfolio
Six qualifying companies for tender include HC, Prime, Hermes and Alpha
800% increase in capital of bourse’s traded companies: EGX Chairman
Increase in public offering registered EGP 5.5bn during first half of 2014
EGX-30 inches up 1.92% following Al-Sisi’s victory
Capital market gains over EGP 6bn after series of losses
Following a series of losses, capital market gains EGP 8.13bn
All stock market indices rise minimally
Dubai says agreement in principle on UAE bourse merger; no final word on bond issue
Reuters – A top Dubai economic policymaker said on Monday that an agreement to merge the two main stock markets in the United Arab Emirates, the Dubai Financial Market and the Abu Dhabi Securities Exchange, had been reached in principle but nothing had been finalised. “It is going to be very positive. The agreement has …
Egypt bourse hits 8-week low
Reuters – Egypt’s main index dropped 2.3% to its lowest close since 11 February. The benchmark has fallen 14.7% from 26 March’s five-year closing high. The sell-off came after Abdel Fattah Al-Sisi said he would run for president; investors, most of whom favour Al-Sisi, had bid up the market ahead of the announcement and took …
Egypt bourse rebounds
Reuters – Egypt’s index, which had lost 8% of its value in the previous three sessions, rebounded on Tuesday to close 1.5% higher. The dip was a result of profit-taking by investors who had built up positions in anticipation of former army chief Abdel Fattah Al-Sisi’s run for president. Sisi, who investors hope will stabilise …
Egypt’s Suez Cement Raises Dividend
Reuters – Suez Cement, Egypt’s biggest listed cement maker by market value, will pay a cash dividend of EGP 2.65 ($0.38) per share, it said in a statement published on the bourse on Tuesday. The company, which lists Italcementi Group as its main shareholder, said it would make the payment in two phases. One pound …
Egypt’s bourse posted its biggest percentage loss in seven months
Reuters – Egypt’s bourse posted its biggest percentage loss in seven months on Monday as local investors continued to book profits on positions built in anticipation of former army chief Abdel Fattah al-Sisi’s run for president. The main Cairo index tumbled 3.6% to 7,805 points, dropping for a third session in a row, as all but two of …
Dubai bourse to hold roadshow in London
Reuters – Bourse operator Dubai Financial Market (DFM) will hold a roadshow for international investors in London together with Goldman Sachs to showcase companies listed in the emirate, it said on Monday. Executives from 13 companies listed on the DFM and NASDAQ Dubai will meet investors on April 28-29, it said. United Arab Emirates bourses …
Egypt stocks continues to drop
Reuters – The Cairo bourse, which dropped 2.7% last Thursday after Sisi said he would run for president, fell a further 1.9% on Sunday to trim 2014 gains to 19%. But there were signs the correction was slowing and the market closed above the intraday low. “Towards the end of today we saw a bit …
Dubai Investments to lift foreign ownership cap to 35%
Reuters – Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35% of its total capital, the company said on Sunday. Foreign investors now hold 13.7% of Dubai Investments’ shares out of the total 20% allowed, bourse data shows. The firm’s shareholders, including …
Egypt Bourse climbs on talk of Sisi presidential bid; Qatar drops as IQ goes ex-div
Reuters – Egyptian shares rose on Tuesday after an unconfirmed media report suggested defence minister Abdel-Fattah Al-Sisi would soon launch his bid for the presidency, while Qatar took a hit as heavyweight Industries Qatar traded ex-dividend. Egypt’s Al Shorouk newspaper reported Sisi would officially announce his resignation from his current post on March 17; it …
Egypt bourse rallies as Sisi reappointed
Egypt’s index rose 1.6% to 8,127 points as it became clear that Sisi would remain defence minister