Latest in Tag: EGX Highlight
Latest in Tag: EGX
EGX30 targets 8,150 – 8,400 points this week
Technical analysts predicted that the Egyptian Stock Exchange (EGX) will move sideways between 8,150–8,400 points, perhaps dropping down to the 8,100-8,050 points during this week’s trading, awaiting any new economic incentives that will encourage investors to rebuild purchasing centres again. Analysts pointed out that the EGX market witnessed a limited decline of 0.72% last week, …
GDR ratios not to exceed free-floating shares, MCDR to monitor
MCDR is closing the door for GDR transfers to Edita, OTMT, GTH, as they exceed the free-floating shares ratio
Banque du Caire to remain under state control after increasing its capital by 20% on EGX: chairperson
The bank will continue its role in serving the economy, even after the government’s stake in it is reduce
Investment Ministry examines readiness of 17 or 18 state-owned companies before listing on the EGX: state official
IMF mission is scheduled to review the IPO plan in the government’s reform programme as part of the procedures to approve the $12bn loan to Egypt
EGX expected to range from 8,400 to 8,500 points this week
Technical analysts predict that the Egyptian Exchange (EGX) will continue its rising trend, to reach 8,450 and 8,500 points during this week’s trading. Should the EGX face resistance, it could result in a decline to 8,100 points. The expectations tailed an increase in EGX30, as it had reached 8,255 points. The market has been climbing …
NI Capital evaluates 5 oil companies to offer 20% of their shares on the EGX
The list includes Sidpec, AMOC, and MOPCO, while Petrojet may follow in the second phase
Recommendations to form purchasing centres in case EGX remains above 7,793 points this week
The Egyptian Exchange (EGX) is facing a tough challenge this week as it attempts to continue its upward direction, after the good performance it recorded last week. Technical analysts and executives at brokerage firms said that the market’s ability to go beyond 8,000 points would cause it to continue moving upwards. Experts advised investors to …
EGX jumps 5% during Wednesday trading, supported by IMF loan
The expected $12bn loan agreement with the IMF prompted institutions to increase purchases, amid expectations of further devaluation of the pound, says capital market expert
Egypt to sign contracts in 3 months for shares of state-owned banks, oil companies on EGXÂ
The IPO programme will span 5 years and priority is given to successful companies, while losing companies will be restructured first, says NI Capital CEO
Foreign cash flow must be transferred to banking sector via EGX due to US dollar crisis
Recent amendments aim to keep up with the economic conditions and not restrict investors, says EFSA chairperson
EGX expected to stay at 7,400 during Sunday trading
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, leaning south, amid uncertainty of the Central Bank of Egypt’s (CBE) vision during the Sunday session. Last week, the EGX declined by 1.93% and closed at 7,437, after the CBE kept the value of the national currency unchanged for the second week …
InterCairo Aluminum to float 30% of shares in EGX during December
InterCairo Aluminum Industry awaits approval from the Egyptian Exchange to begin the IPO procedures, after the company has provided all the required documents
EGX expected to range from 7,550 to 7,600 points during Sunday trading
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …
Potential devaluation of pound causes EGX30 to rise to highest rate in 4 months
The transactions of Egyptians and Arabs were net buyers, while non-Arab foreign investors were net sellers.
EGX expected to move between 7,050Â and 7,300 points this week
EGX closed at 7,182.8 points on Monday, with a 2.88% increase.
EGX expects to move between 6,900 and 6,990 points during Sunday trading
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
Foreign investors register net purchases of EGP 2.137bn on EGX over 3 months
EFSA receives 103 new complaints against financial supervisory agencies and solves 106 complaints over five months
Brexit for Egypt: the good, the bad, and the uncertain
While global economic attention is turned to the effects of the UK’s departure from the EU, Egypt stands to gain
Rami Aboul Naga succeeds Rania Al-Mashat on EGX board
Aboul Naga will succeed Rania Al-Mashat, who will move to the International Monetary Fund
Brexit is huge event with economic impact: Shoukry
EGX dropped by 5.5% on Sunday, closing at 6,851.6 points after Brexit
Egyptian Stock Exchange collapses by 5.5% under the separation of Britain from the EU
EGX drops by 5.5% following Brexit vote
Egyptian Exchange at the mercy of Brexit repercussions
Technical analysts predict the market falling from 7,253.3 points to 6,800 points over Sunday and Monday
Absence of GDR selling operations’ data compromises accuracy of foreigners’ purchases in EGX
Brokers have confirmed that the Egyptian Exchange’s recording purchases of Arabs and foreigners worth EGP 2.35bn since the beginning of 2016 does not reflect the real trend, as EGX has not recorded sold depositary receipts abroad as a way of exiting Egypt for foreigners
NTRA advises TE with terms and conditions for 4G licence
50% of licence’s value will be collected in US dollars
Analysts expect EGX to overcome rise of interest rate by reaching 7,480 points
Analysts predicted that purchasing powers will be dominant during the trading session and push the EGX-30 index to reach 7,480 points amid weak trading volumes
EGX targets breaking last week’s resistance level of 7,650 points
The EGX kept moving upwards during last week, registering a 1.76% rise as it increased from 7,453.1 points to 7,618 points.
Cleopatra Hospital shares begin trading on the EGX
International investors constituted the majority of orders for the institutional offering
Three challenges facing new offerings on EGX
The real challenges appeared after A.T. LEASE failed to meet one of the requirements of IPOs last week, as the company should have a minimum of 300 shareholders after the IPO.
EGX-30 expected to range between 7,500 and 7,600 points during Sunday trading
Mohamed Al-Assar, head of the technical analysis department at the National Bank of Kuwait (NBK), said the Egyptian Exchange’s benchmark index EGX-30 will range Sunday between 7,500 points and 7,600 points in light of weak trading volumes below EGP 500m
Kuwait’s Al Salam presents a disclosure report on issuing certificates of deposit to the EGX next month
The company plans to complete the report within one month. It will include the number of shares to be offered and the fair value per share, which has been set by an independent financial adviser