Latest in Tag: EGX Highlight
Latest in Tag: EGX
EGX sees record trading despite 25% bank certificates
IMF agreement, floating Egyptian pound, and tightening monetary policy are steps to address crisis: El Dokani
Financial Brokerage Group accounts for quarter of EGX transactions during 2022
The Commercial International Brokerage Company (CIBC) came in second place, with a market share of 11% and transactions of EGP 99.5bn.
EGX expects to start trading on carbon certificates in 1H 2023
Last November, the EGX took the first steps to establish the first market for trading carbon certificates to motivate companies to reduce carbon emissions and adopt sustainable plans to reduce air pollution while encouraging green investment and diversifying investment options for investors.
EGX, Muscat Stock Exchange explore cooperation options in capital market
We seek to strengthen cooperation, exchange of experiences to encourage intra-investments: El Dokkany
How did EGX respond to Egyptian pound flotation?
EGX30 records seven-month high at 11,072 points
Matouk Bassiouny appointed as legal advisor for 4 IPOs on EGX
5 upcoming acquisitions with values ranging between $70m and $150m each: Bassiouni
Advanced negotiations between Egypt, IMF push EGX to green zone
Reaching agreement on IMF loan would stimulate foreign investment, give confidence to investors: Hassan
EGX, Egypt Post discuss increasing opportunities for cooperation
The meeting dealt with presenting the work plan and strategy of Egypt Post and its subsidiaries, discussing its investment opportunities in the stock market and how to increase and benefit from them, in addition to the possibility of promoting investment funds through post offices throughout the republic.
EGX looks for incentives to compensate for foreign investors’ exit
EGX30 tests supporting level at 9,600 points: Al-Kurdi
EGX, other stock exchanges discuss launching a carbon platform
The meetings discussed mechanisms of cooperation between stock exchanges to build a more effective investment environment
EGX seeks to strengthen investment cooperation with Kuwait
Kuwait’s investments ranked fourth in the Arab world with a value of EGP 2.1bn
Global stock market gains push EGX up 2.5%
Delayed flotation prompted foreigners to leave stock market: Hassan
Egypt’s Sovereign Fund begins selling shares of companies prior to their listing on EGX
The government aims to add assets to the IPO fund with a value between 5 and $6bn, according to Minister of Planning and Economic Development Hala El-Said’s statements.
The real estate sector is the most active in the EGX with turnover of EGP 1.3bn
The EGX’s indices recorded collective declines during last week’s trading amid sales to Arab and foreign investors.
Transportation Ministry sends the files of 35 affiliated companies to be listed on EGX
Six companies are ready for stock exchange approval: Sources
EGX works on launching carbon certificates market soon
Asset managers allowed to launch new products on carbon index: El Dokkany
EGX strives to increase efficiency of capital market, diversify investment options: Chairperson
This came during his participation in the activities of the second edition of the f Egypt-ICF 2022 and the Meeting of African Ministers of Finance, Economy and Environment for COP27, which was held in Cairo from 7 to 9 September and discussed the preparations of African governments for the upcoming UN Conference of Parties on Climate Change that will be held in Sharm El-Sheikh this November.
Real estate stocks top EGX in August with turnover of EGP 7.1bn
The banking sector came in the second with a trading value of EGP 4.5bn and a trading volume of 139.95 million stocks, followed by the non-banking financial services sector with a trading value of EGP 3.6bn and a volume of 2.7 billion stocks.
Coordination to takes place with market parties to improve EGX performance, enhance liquidity
Al-Dokany said that he will work to coordinate with all parties to adopt and implement all the necessary policies to develop the performance of the EGX in a way that enhances liquidity and circulation, along with reinforcing awareness of the importance of the market in providing the necessary funding for various economic entities.
Decline in global markets, strength of USD placing pressure on EGX
The EGX 30 is targeting a top resistance level of 10,600 points
Poor horizontal performance dominates EGX
Main index expected to move between 9,800 to 10,300 points
IPO of Ghazl El-Mahalla FC on EGX to take place next Sunday
Prime Capital will promote and cover the subscriptions.
EGX launches 3rd Stock Exchange for Development conference in Qena, Luxor
The conference comes within the framework of the Egyptian Exchange’s keenness to support the efforts of the Egyptian state to achieve the objectives of economic and social development plans by contributing to the settlement of comprehensive development by supporting many companies operating in Egypt’s governorates in various economic sectors and activities, by assisting these companies, especially small and medium ones, in accessing finance through organized public markets, which are capital markets known in the media as stock exchanges.
Increasing number of companies offered on EGX proper solution to current economic crises: Chairperson
Farid also pointed out that the current crisis is similar to the global recession that occurred in 2008, noting that increasing supply is a good solution for dealing with it.
EGX Chairperson holds meetings with market parties to promote institutional investment in stocks
In implementation of the decisions issued by Prime Minister Mostafa Madbouly, and in an attempt to complement the efforts of the EGX’s management, all parties are coordinating with one another to increase government institutional investment in the stock market in particular.
Egypt plans to offer several state-run companies on EGX in FY2022/23: El-Said
International Conference on Egypt’s Alternative Finance Opportunities kicks off
Brmaja aims to offer 35% of its subsidiary on EGX within few months
Volume of group’s business in Egypt amounted to $125m: Bakheet
EGX on radar for government development
IPOs at affordable prices will attract investors: Maher
Fears of global slowdown affect EGX trading before Eid Al-Fitr holidays
CIB and Hermes shares push main index to upside: Hassan
We are keen on permanent coordination with the EGX to achieve financial, investment inclusion: Egypt’s PM
Prime Minister Mostafa Madbouly met with Mohamed Farid — the Chairperson of the Board of Directors of the Egyptian Stock Exchange (EGX) — to review the proposed action plan to achieve the goals of digitisation and help citizens benefit from investing in the stock market.