Latest in Tag: EGX Highlight
Latest in Tag: EGX
Analysts expect negative effects on EGX after raising interest rates
Continuation of increased interest on savings threatens the attractiveness of stocks: experts
EGX ranks third best performing Arab stock market amid expectations of continued progress
KSE tops the list, QSE tails, six Arab bourses suffer losses, including DFM and ADX
Banks, EGX, government departments leave for 3 days starting Sunday for Eid al-Fitr
The Central Bank of Egypt (CBE) will suspend all of their bank operations operating in the local market for a period of three days starting from Sunday 25 June 2017 until Tuesday 27 June for the Eid al-Fitr holiday period. According to CBE’s, banks are set to return to work on Wednesday 28 June. Prime …
Horizontal movements of EGX during last week before Eid
The Egyptian Stock Exchange (EGX) trading in Ramadan was filled with strong upward movements and recorded a new historical peak amid the non-existent impact of the trading values and the recovery of the majority of the stocks with support from the strong foreign purchases. Analysts expect horizontal movements to take place during this week’s trading, …
EGX opens the candidacy door for companies registered in the main market and NILEX
The decision is in line with the president’s amendment of the regulating controls of EGX: Omran
EGX shoots for 14,000 points this week, supported by foreign buyers
The Egyptian Exchange (EGX) aims to continue climbing this week, through moving towards 14,000 points,driven by foreign purchases, which have previously helped the market go beyond the pivotal resistance at 13500 points. In the past week, foreign institutions continued to set up intensive financial positions in stocks. The EGX main index successfully exceeded 13,500 points …
19 candidates compete for five seats in EGX board
10 compete on three seats for securities, nine on registered companies
Funds’ assets lose EGP 22bn over past five years, despite number increasing by 17
Losses in 2016 amounted to EGP 27bn, due to CBE decisions scaling funds
EGX prepares to record a new historic jump this week
The market targets to score 13,900 points amid calls to buy leading stocks, says Al-A’asar
Optimism with EGX performance in Ramadan, EGX30 targets 13,500 points
Leading stocks support market, analysts recommend profit making near resistance levels
Prime Minister issues amendments to EGX Law, assigns seat for NileX
El Barbary, Sadek, Bahaa El Din intend to run for seat
Omran demands ESTA to establish controls for practicing technical analysis profession
The controls protect the different parties in the market and increases the performance of the market
Morgan Stanley Index adjustments support EGX
MSCI adjustment leads to violent price movements in the short term, says El Nabarawy
EGX to elect new board of directors on 28 June
Chairpersons of Assiut Islamic Trading, and Cairo Investment and Real Estate Development run the election
Approving Investment Law moves EGX towards 12,850 points
The market needs new incentives, says El Maraghi
EGX chairperson hosts meetings with business and financing representatives
Omran held talks with representatives from Infor and CitiBank International
EGX declined by 1.55% following ISIS bombings
Terrorist bombings caused a negative impact on Sunday trading session
Hala Sakr appointed as member of EGX board of directors
Sakr will be serving as the representative of the Federation of Egyptian Banks
EGX keeps moving sideways amid weak purchasing power
Quick trades are dominating the market now, says Khalifa
EGX rose to 5% at end of Q1 2017
New IPOs and interest rate cuts are motives to continue the positive performance
RCC announces intention of IPO of ordinary shares at EGX
Raya Contact Center (RCC) announced today the offering of up to 48,994,000 existing ordinary shares, representing 48.99% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX), currently owned by Raya Holding for Financial Investments, the selling shareholder. The offering will include an international offering to institutional investors, an Egyptian retail offering to …
EGX lists MM Group on Sunday, aiming to collect EGP 720m
The maximum price is set at EGP 6.06 per share
EGX compensates last week’s losses with 0.4% growth
Horizontal performance controls the market, expectations of a decline towards 11,800 points
Foreign institutions, Aramco support EGX performance, boost expectations for continued growth
Foreign institutions, Aramco support EGX performance, boost expectations for continued growth
MM Group submits IPO request to EGX to float 30% of its capital
IPO procedures to begin after EGX approval this week with a maximum price of EGP 6.06 per share, says El Hossary
Strong USD drives EGX up by 500 points during last week
Potential slowdown in upward movement as the index reaches 13,000 points, says Abdel Kader
Postponement of El-Farasha’s offering to 2018
EGP 1bn expected sales by the end of 2017 with 82% growth
A proposal to reduce stamp tax supports the cohesion of EGX
The Egyptian Exchange (EGX) indexes strengthened at the end of last week, following a wave of decline on the back of the high-stamp tax proposal, before the Ministry of Finance suggested to bring the rate down to 0.125%. The EGX has been suffering over the past week, recording at midweek its lowest transactions since October …
Expectations of EGX’s rebound to continue towards 13,000 points this week
Analysts in the market expect the rebound of the Egyptian stock exchange (EGX) to continue this week towards the level of 13,000 points, supported by the decision of the Central Bank of Egypt (CBE) to fix the price of banking interest rates after last weeks’ trading experienced a loss of 800 in the leading index. …
Egyptian Stock Exchange signs MoU with Sydney Stock Exchange, aimed at strengthening cooperation
The memorandum of understanding (MoU) will allow cooperation between the two parties in terms of the development of financial instruments and mechanisms and form strategies to strengthen the position of both stock exchanges at the international level. “This agreement comes in the framework of the EGX’s strategy to boost its presence on the international level, …