Latest in Tag: EGX Highlight
Latest in Tag: EGX
EGX-30 slides down to 5,700 points
Benchmark index expected to range between 5,300 and 5,900 points, analysts say
EGX-30 to fluctuate between 5,300 and 5,900 points
The acquisition of CI Capital by OTMT will reflect positively on the market
Slump hits trading on corporate bonds on stock market
Experts attribute zero trading to companies’ reluctance to issue new bonds, depreciation of pound, and public banks issuing investment certificates with a yield of 12.5%
Egyptian capital market needs self-regulatory organisation to standardise sector
During the second session of the Capital Markets & Financing Growth conference entitled Stock Exchange and New Roles to Finance Growth
EGX expects new IPOs from state companies: Omran
Expansion of financing base is main way to boost economic growth far from banks, says Sakr
Beltone Financial prepares IPOs worth more than EGP 10bn
The board of directors is considering to change the company’s name and the adaptation of a new strategy
Will new IPOs be the saviour of the capital market?
Despite holding major conferences to market the role of the EGX in raising capital, its Chairman Mohamed Omran has not been approached by new companies since the beginning of the year, neither state owned nor private
Gulf stock markets most likely in region to attract foreigners
Experts predict that Gulf markets will dominate over the Egyptian stock market in light of tendency to register Aramco assets on the Saudi stock exchange
EGX seeks to improve position in World Bank’s Doing Business report: Omran
Targets of stock market might be hindered due to  low global economic growth, EGX’s chairman indicated
EGX-30 to range between 6,000 and 6,420 points
EGP 4.4bn stocks traded last week
EGX urges GAFI, Commercial Registry office to approve companies’ decisions promptly
Chairman of Egyptian Exchange expects Domty to be the first company to sell its shares during 2016
Foreigners lead stock market to decline in January
Foreign investors’ transactions registered net sales of EGP 548.85m
Decision to propose capital increases for 2 banks on EGX is governamt’s most impotant in recent years
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
Capital increase to be proposed for public sector companies through EGX in 3 months
Twenty-one African investment commissions are set to offer investment opportunities in five economic sectors through COMESA in February
Investors begin weekly trading with 25 January and oil prices in consideration
Expectations that EGX record an increase in Sunday’s session of up to 5,800 points with support from increase in oil prices to $32.18 per barrel
EFSA reviews fair value report for Beltone’s IPO on EGX
EFSA’s work comes in line with the procedures for an IPO on the Egyptian Exchange (EGX).
CI Capital prepares IPOs at EGX in construction, food, and hotel sectors in 2016
Government should activate one-stop shop quickly to attract more local and foreign investments, says Chief Executive
Oil prices, weak performance of international markets drag EGX down
Reduction of oil prices has prompted foreign investors to sell their stocks in the markets over the past few days.
EGX requests Beltone to disclose uses of pending OTMT and Act Financial loan
The loan will be used in CI Capital acquisition in preparation for the merging: Sources
Stock exchange requests financial statements from companies to limit recent decline
EGX Chairman Mohammed Omran said he believes in the importance of not interfering with the performance of markets, especially since the kinds of financial crises have become various, and have been recurrent throughout the year.
53% of EGX30 shares traded at lower than book value
EGX trading data reveals that 27% of the index shares fell below the nominal value, creating a promising opportunity for long-term investment
EGX-30 drops by 4%, market sheds EGP 8.13bn
This is the fifth consecutive drop for EGX-30
EGX discusses four major issues with the government in 2016
The postponement of the capital gains tax tops EGX’s agenda; EGX will discuss the issue in parliament
EGX to decline to 6,700-6,800 points on Sunday: Analysts
Technical analysts attributed predictions of fall in EGX to impact of severe decline in Gulf and European stock markets, due to decrease of price of oil
EGX agrees to extend Al Salam Group’s listing period to May
Company seeks to obtain approvals from the Kuwaiti Capital Market Authority to convert shares
EGX aims to close between 6990 – 7050 points Sunday
Analyst predicts conservative first week movement in stock performance as there are low expectations for the Egyptian economy 2016
Stock market performance in 2015
15 new companies listed in the EGX in 2015
Bourse is more than just price depressions and surges: Omran
The deterioration of stock prices was a trend for all emerging markets and Egypt was no exception, Omran highlighted
ESAA trained EGX personnel to deal with companies’ merging, dividing cases
Programme took three weeks, included clarification of modern concepts of Egyptian accounting standards such as handling financial leasing accounts, fair valuesÂ
EGX-30 rises by 1.95% on Thursday
Stock market achieved EGP 643.63m during the trading of 315.94m shares