Latest in Tag: EGX Highlight
Latest in Tag: EGX
Banks in EGX exceed market’s expectations during Q1 of 2016: Beltone
There are doubts about the banks’ abilities to continue this exceptional performance during the second and third quarters due to lack of foreign currency, poor commercial financing, and decline in lending loan rates
Cleopatra Hospital puts 40m shares at EGP 8.75 to 11.88 per share
One to the financial institutions and individual investors, and investors with expertise in the field of securities. The other public offering will be to the public in the Egyptian market, as a joint offering.
Beltone complains to EFSA about EGX for cancelling several transactions on its shares
The release stated that the chairperson of the Egyptian Exchange (EGX) had issued multiple and consecutive decisions to repeatedly cancel the executed transactions on Beltone shares during the months of February, March, April, and May
AT Brokerage directs institutions and Arab investors to cover IPO of AT Lease
The company received purchase orders covering 97.65% of the IPO as of Thursday’s session
EGX’s technological infrastructure development plan begins with establishment of first modern data centre
New disaster recovery building to be built in Fifth Settlement as part of plan, Omran says
EFSA addresses the legal status of holding companies’ acquisitions of GCLR and WKOL
The EFSA’s decision to retroactively change the legal status governing the general holding companies’ reacquisition of shares from workers unions came last week. The EFSA made an exception to the Capital Market Law which stipulates a compulsory tender must be made for all the shares of a company once 33% of ownership has been transferred.
Cleopatra Hospital begins procedures to offer part of its shares on EGX
The 40m shares are 25% of the company’s total capital listed on the EGX
Egyptian Exchange simulation programme to start on Wednesday
The 19th round of the EGX’s simulation activities will kick off at the Canadian International College (CIC)
Stronger dollar pushes foreign companies away from trading their shares in EGP on EGX
The EGX issued this new rule to allow companies to avoid the poor trading on the dollar due to the erosion of foreign currency reserves
EFSA issues EGP17.2bn in approvals for companies, capital increases in Q1 2016
Stock market’s EGX-30 and EGX-100 decreased quarter-on-quarter
EGX, Bahrain Bourse sign agreement to cooperate in cross listing: EGX chairperson
The agreement will contribute to listing Bahraini companies in the EGX and Egyptian companies in the Bahrain Bourse, said Ibrahim Bin Khalifa
EGX to cancel operations that result in ‘unjustified’ increases in Beltone shares’ value as precautionary measure
The law provides the EGX chairman absolute power to cancel operations, which has sparked a furore among Beltone officials, says high-ranking EGX source
Capital market sees activity in acquisition of financial consultancy licences
A number of companies seek to acquire existing financial consultancy licences to avoid the procedures of obtaining new licences and the process of selecting managing directors
Cleopatra Holding submits EGP 80m request to list in EGX
EFG Hermes was selected as the company’s financial adviser
EGX profit multiplier of large real estate companies shows marked variance
The profit multiplier is a financial indicator that gauges a share’s trading price in the stock exchange compared to the profits achieved
Real estate companies in EGX move towards strengthening their financial, marketing positions
The increase in sales was a surprising development for the majority of companies that recorded a growth in sales.
Procedures for IPO of two companies in EGX to begin upon parliament’s approval of government programme: MP
Business sector did not use legal incentives such as securitisation, financial leasing to overcome liquidity crisis, says Desouky
Foreign investors record EGP 402m net sales in EGX during Q1 of 2016
The report showed that Egyptian investors acquired 86.25% of total trading, compared to 7.8% acquired by foreign investors, and 5.94% by Arab investors
CBE, international institutions begin assessing AAIB, Banque du Caire in preparation for IPO
Timing, price, and promotion are important factors for a successful launch on the EGX, says financial analyst
EGX considers allowing Egyptian investors to obtain sale proceeds of GDR in dollar: chairman
We understand investors’ demands, coordinating with EFSA to abolish restrictions on international transfers of GDR, says Omran
Domty’s share increases by 9.35% from offering rate on the initial days of its trading
Although the session closed at the share’s increase of 9.35% compared to the offering price, it declined by 1.76% from the opening price
Horizontal trading at 7,100-7,150 points expected on EGX: analyst
The increase follows the Central Bank of Egypt’s (CBE) decision to devalue the pound by 14.5% against the dollar, after holding an exceptional dollar auction for $200m
EGX to experience upwards trend in upcoming period: analysts
EGX-30 projected to range between 6,800 points and 7,000 points
International Women’s Day: Egypt to outline detailed plan on gender equality based on 2030 strategy
As Egypt gears up for its 2030 development strategy, women empowerment should be in centre of discussion, says UN Women country director
Tabarak Holding will not be listed in EGX before end of 2016
Tabarak expected 60% growth in 2016 compared to 2015, says El Shorbany
LE 1.2bn estimated value of Domty IPO: Sources
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
Arab Contractors Company to issue 20% of shares in 2017
Company’s project expenditures will decrease to $2.5bn in 2016 compared to $5bn in 2015
Foreign investors retreat from EGX selling EGP 744.5m in stocks
Foreign investors have sold EGP 744.54m in shares since the beginning of 2016
EGX not expected to play major role during initial phase of Suez Canal projects
The stock exchange is viewed as a secondary instrument rather than the main source for financing national projects, capital market experts say
Global contractor is back at home
Orascom Construction: coming full circle to build Egypt a brighter future