Latest in Tag: EGX Highlight
Latest in Tag: EGX
Pound flotation attracts foreign investors to EGX
Heads of financial institutions contend that these funds are high-risk
Pound flotation attracts foreign investors to EGX
Heads of financial institutions contend that these funds are high-risk
EGX continues heading north in 3rd session after pound flotation, recording highest rates since 2010
The Egyptian Exchange (EGX) closed on Monday on high rises in the third session following the flotation of the Egyptian pound. The main index EGX30 closed with a hike of 5.38%âthe highest rise since February 2010âregistering 9,852.7 points. The market saw trading valued at EGP 2.1bn, which is the highest since April 2010, with 688.9m …
EGX jumps by 6.1% during Sunday’s trading
The Egyptian Exchange (EGX) recorded the highest daily rise in trading in three years since 2013. The main index EGX30 recorded growth of 6.1% reaching 9,349 points, its record high since March 2015. The rise occurred on the back of the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound on Thursday. The …
Profit-taking process permeates EGXâs performance
Index targets 8,500-9,200 points, say analysts
EGX celebrates freezing capital gains tax, rises 0.91%
The decision will attract new investors, and lead next governmental and private IPOs to succeed
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
DBK Pharma targets to offer 30% of its shares on EGX in Q1 of 2017
The promotion of this IPO requires effective action, especially after the failure of covering the IPO last year, says company
EGX30 expected to move sideways to 8,000-8,500 points: analysts
Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …
Government should not exaggerate company assessments in order for IPO programme to succeed: EGX chairpersonÂ
Corporate structuring before an IPO is an essential step, which takes more than a few weeks or months
EGX to break through resistance level of 8,500 points
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
EGX30 expected to test resistance level of 8,500 points
Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this weekâs trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …
EGX waiting to receive registration requests for investment funds’ certificates: Omran
When the authorities related to investment funds request to register their certificates in the EGX, this will contribute to making amendments in the trading system and the rules of IPO, says Omran
Does GCI’s assessment of the Egyptian capital market reflect EGX’s real position?
While EFSA believes that Egypt deserves a better assessment in the âregulation of securities exchangesâ, investors assert that rules of finance are more complicated
Foreign investors must regain trust in business environment if they are to return: EGX chairperson
Facing potential risks from reform decisions is better than remaining in the abyss, says Omran
Registering fund certificates in EGX to allow investors to compare market and book values: assets managers
To activate this step, the regulatory rules for funding activities must be modified separately from the Capital Market Law’s executive regulations
EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts
Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800 and 8,020 points. They recommended that dealers and investors take advantage of this predicted decline over the first few sessions of the week to buy …
Legislative reform necessary to improve business environment: former EGX head
Amending laws of investment, capital market, and land allocation is necessaryÂ
Devaluation of Egyptian pound increases EGXâs hopes for restoring âhot moneyâ
Investment, initial public offering (IPO), and securities promotion managers have conflicting opinions over whether the devaluation of the Egyptian pound has restored the Egyptian Exchange’s (EGX) attractiveness for foreign investors, and whether the action encourages them to inject âhot moneyâ into the stock exchangeâlike what had happened before 2011 and what happened mid-2013. The experts …
Experts advise government to offer controlling stake in upcoming IPO programme
Stock market experts maintain that government will secure only temporary financing if it insists on offering minority shares in the stock market and retains management rights
EGX seeks to restore its role in financing economic growth amid economic, political challenges
The recent financial indicators clearly reflect the severe recession experienced by the Egyptian Exchange (EGX) over the past 10 years. Additionally, the EGX’s inability to perform its essential role in financing the targeted economic growth of about 5.2% during the fiscal year (FY) 2016/2017 raised controversy. In 2008, the market capital of the GDP in …
Stock market surpassed itself in supporting growth despite economic slowdown: EGX chairperson
Mohammed Omran, chairperson of the Egyptian Exchange (EGX), said that the stock market played a vital role in supporting the countryâs economic development despite Egypt’s slow economic growth. The stock market has provided funds in the form of initial and secondary offerings and increased capital through issuing bonus shares totaling EGP 37.72bn since mid-2013 until …
Two revolutions and a US dollar crisis dilute funding development dream of EGX
EGX peaked in 2008 when its market capital recorded unprecedented levels, but it gradually receded due to sharp political and economic fluctuations
EGX30 retreats 0.1% during early trading on third day of Eid Al-Adha
The broader index EGX100 also increased by 0.01%, registering 816.9 points
EGX30 targets 7,900-8,000 points this week
Technical analysts predicted that Egyptian Exchange (EGX) will move sideways, dropping down during this weekâs trading. EGX30 is expected to move between 7,900-8,000 points. Analysts pointed out that the EGX market witnessed a limited growth of 0.06% last week, rising from 8,131 points to 8,136 points. While the total trading value declined from EGP 3bn to EGP …
Foreigners continue to decrease capital market portfolios, EGP 626m in net sales for August
EGS surpasses other brokerage companies in the first nine months of 2016 with EGP 22bn in operations
EGX issues amendment to suspend companies failing to send financial statements on time
The amendment substitutes an old rule that prevented the EGX from suspending traded shares unless 15 days has passed since the specified period for sending financial statements for two consecutive fiscal years
EGX falls to 8,050 â 7,993 points giving buyers the opportunity for future profit
Technical analysts and executives at brokerage firms expect the Egyptian Exchange (EGX) to continue its profit-making wave during this week’s transactions. EGX30 is expected to move between 8,050 and 7,993 points. Experts advise investors to purchase a number of shares if they continue to fall. Ehab El-Saeed, head of technical analysis at Osool Securities Brokerage …
A.T. Lease plans to re-offer shares in EGX during Q4 of 2016
The company was granted a three-month period for its offerings, due to end in December
Establishing companies through IPO takes over amid government trend of financing through EGX
Government demands that it benefit from the exceptions made by the EGX in 2014 regarding launching companies established through IPO, especially in the infrastructure and agricultural sectors