Latest in Tag: EGX Highlight
Latest in Tag: EGX
Nile Cotton Ginning calls for EGX, EFSA to return to trading on shares
Negotiations with the government reached a dead end and the current solution is to return trading
T+0, T+1 mechanisms increase by 40% of daily trading
MCDR targets interconnection with ADX and develop storage capacities by 2017, Abdul Bari saysÂ
Analysts expect EGX to move sideways awaiting CBE’s decision on interest
Bourse awaits Banque du Caire placement, following approval to list its EGP 2.25bn capital
The Egyptian Exchange approves Banque du Caire shares listing in EGX
The Egyptian Exchange (EGX) has announced their acceptance of Banque du Caire’s application to list its shares in the EGX with a capital of EGP 2.25bn, distributed over 562.5m shares with a nominal value of EGP 4 per share in a statement on Wednesday. Tarek Amer, governor of the Central Bank of Egypt (CBE) has …
EGX could attract falling Saudi investments, experts say
Saudi stock exchange has been witnessing huge losses for the second week respectively. According to a report issued by Al-Hayat news website, Tadawul—the stock market of Saudi Arabia—lost more than $3.5bn due to declining demand. The report added that the liquidity in the market declined by 18%, affecting the Tadawul All Share Index (TASI) negatively. …
Raya to offer shares on EGX in Q2 of 2017
Raya Data Center Company is preparing to offer a portion of its shares on the Egyptian Exchange (EGX) during the second quarter (Q2) of 2017. The investment bank EFG-Hermes will take over the position of the manager of the initial public offering (IPO) instead of Beltone. Reem Asaad, CEO of Raya Data Center, said that …
Fears from the repercussions of the stamp tax application on capital market and government propositions
Stamp fees are less harmful for EGX compared to capital taxes
Banque du Caire applies to list shares in EGX
The Egyptian Exchange (EGX) said in a statement on Wednesday that Banque du Caire applied to list its shares in the EGX with a capital of EGP 2.25bn, distributed over 562.5m shares with a nominal value of EGP 4 per share. The EGX added in a statement on its website that it is currently studying …
Collective purchases of shares to dominate EGX this week
Sideways trend tilted to rise between 12,800 to 13,400 points is expected
Cleopatra hospital allocates EGP 350m for upcoming expansion plan
The company seeks to accelerate the pace of its acquisitions plan by acquiring Cairo Specialist hospital, as well as taking executive steps for building Al-Shorouk hospital
Samcrete plans to delist Al Dau Heights stock from EGX
Samcrete aims to maintain the listing of other companies, resulted from the division of the parent company, such as Samcrete Building Systems which will increase its capital
MM Group inaugurates Belarusian assembly lineÂ
The company awaits EFSA approval on fair value this week
4 challenges facing upcoming IPO boom in EGX in 2017
Most challenges associated with threat of IPOs coverage, whether due to small size after pound’s flotation or companies’ profitability margins decline as a result of increased costs
Investment funds achieve moderate performance in 2016
Pound’s flotation failed to support money market funds and fixed income funds in the last two months of 2016
EGX named one of highest US dollar revenue-achieving emerging stock markets in 2017
The initial indicators recorded by the Egyptian Exchange (EGX) during the first two weeks, as well as international reports’ expectations of a relative increase of the Egyptian pound have confirmed that the EGX came amongst the list of stock exchanges achieving the highest US dollar revenues in 2017. There are three factors which put the …
Mubasher offers consulting for 3 deals worth EGP 150m
Mubasher Advisory for Securities is offering a package of financial consulting services to a number of companies, said board member Ehab Rashad. The companies, he explained, aim to register on the Egyptian Exchange (EGX), Nile Stock Exchange, or implementing expansions. Rashad noted that the first deal, to which Mubasher is advising, includes three deals for …
EGX30 targets 13,100 points this week
Technical analysts predicted that the Egyptian Exchange (EGX) will continue to take advantage of the falling price of the pound, and aims to achieve a new record level near 13,050-13,100 points in this week’s trading after the New Year’s celebrations and Christmas holidays. The EGX30 closed at a new level of 12,824.3 points, with weekly …
EGX to communicate with the government to activate IPO programme
Positive indicators of EGX increases chances of new IPOs success, says EGX chairperson
Brokerage companies pin hopes on flotation, government offerings to improve exit negotiations
Executives confirm that acquisitions are now based on minimum value of brokerage licence or companies’ book value
Will the EGX achieve more record increases this week?
Experts said they cannot determine a specific vision for the EGX following its significant performance last week due to the decline of the Egyptian pound
Recommendations for selective purchasing of stocks as EGX30 moves sideways
EGX expected to move between 11,200 to 11,500 points
EGX trading on Obourland starts with EGP 9.68 per share
Demand of local and foreign companies on Obourland’s IPO is proof of global financial markets and foreign investors’ confidence in Egypt, says minister
Arab institutions save EGX from repercussions of church bombing
EGX closes in the green, up by 1.29% on Monday
CI Capital deal moves EGX towards historic level to reach 12,000 points: analysts
Technical analysts predicted that the deal would push CIB shares towards EGP 73-74
Technical analysts recommend buying as shares fall during opening sessions of week’s trading
The market is expected to benefit from a support level of 10,900 points and targets 11,550 points
$500m investments in government debt tools, EGX since pound flotation: Deputy Finance Minister
Launch of international bonds to be determined by end of this week; promotion to start in January, says Finance Minister
EGX faces 2 different scenarios following record increase
The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursday’s session will result in two possible scenarios: the …
US dollar price falls even further at CBE, banks while EGX profits EGP 9.3bn
The price of the US dollar dropped below EGP 16, with expectations that it will continue to decline
MCDR sends capital tax files of non-listed companies in EGX to tax authority
MCDR managing director confirms that the files include a number of purchase and sales transactions and tax dues
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target 11,200 points this week, say investment managers