Latest in Tag: EGX Highlight
Latest in Tag: EGX
Financial Brokerage Group topped EGX brokers last month, with transactions worth EGP 10bn
The Commercial International Brokerage company (CIBC) ranked second last month, with transactions worth EGP 7.5bn, a market share of 10.9%, and a volume of trades of 1bn shares executed through 89,300 transactions.
EGX, BUE sign agreement to spread financial culture
The university would introduce students in various disciplines to the basics and principles of saving and investment in the money market, as well as providing practical applications to experience the trading process by default to gain new skills and experiences, raise the level of their knowledge, skills and experience to keep pace with the needs of the labour market.
EGX main winner of US dollar appreciation
Research from Prime Securities said that banks are on top of the list of stocks to benefit from higher interest rates and treasury yields given the robust loan portfolio growth driven by USD-denominated loans.
EGX launches four sub-indices to measure overall performance of government bonds
This came after the EGX’s Indicators Committee adopted the new sub-indices methodology to complement the efforts to develop indicators for measuring the performance of traded securities.
EGX sustainability foundation signs cooperation protocol with DCarbon
The protocol aims to develop capabilities of listed companies in sustainability activities: Farid
BariQ to be listed on EGX before end of 2023
ADES Group will soon be listed on the Saudi stock market
EGX awaits 6 new IPOs in 2022, equally divided between public, private ones
Macro Group and Ghazl El-Mahalla SC are the closest, followed by Ebtikar and Abu Auf
Will EGX get rid of selling pressure; go up towards 11,750 points this week?
The benchmark index EGX30 closed at 11,499.85 points last week, recording a decline of 1.98%. The EGX70 EWI also posted a 3.56% loss, concluding at 2,130.11 points, while the S&P index declined by 2.68% and concluded the period at 1,848.27 points.
Selling pressure threatens further decline in EGX to 11,500 points this week
EGX30 closed at 11,731.71 points, recording decline of 2.34% last week
Nahr Al-Khair Company to debut on EGX next Tuesday
Company targets EGP 130m in sales during 2022: Chairperson Sayed
EGX on difficult mission to stay above 12,000 points
EGX30 closes at 12,043.42 points last week, recording increase of 0.79%
EGX witnesses EGP 8bn of IPOs in 2021, 4 new offerings expected in 2022
Sources believe that the EGX will witness four new IPOs in the first quarter (1Q) of the new year — including two from the business sector and two from the private sector — including Ebtikar e-Payments and Macro Group for Pharmaceuticals.
FRA approves 3 companies’ listing on EGX with fair value exceeding EGP 4bn
They were: Macro Group for Pharmaceuticals (Macro Capital), with a fair value of approximately EGP 3.5bn and free trading rate of 45.8%, and the Nahr El-Kheir Company for Development, Agricultural Investment and Environmental Services, with a fair value of up to EGP 500m, and free trading rate of 61%. Both companies will be registered in the main market.
EGX aims to keep its bullish trend, continue trading above 11,700 points level
The benchmark index EGX30 closed at 11,755.46 points last week, recording an increase of 0.75%. EGX70 EWI posted a 2.79% gain, concluding the period at 2,191.06 points, while the S&P index rose by 0.68%, ending the period at 1,915.76 points.
EGX supports government’s development plans by attracting foreign investments: Farid
During a meeting with 35 diplomats, Farid explained how the Egyptian stock market could attract foreign investments.
EGX maintains sideway movement in absence of incentives
EGX30 closed at 11,667.73 points, recording an increase of 1.15%. EGX70 EWI posted 0.79% gain concluding the last week at 2,131.58 points, while S&P Index rose by 1.47% and concluded the period at 1,906.71 points.
Egypt Post, EGX discuss opportunities for joint cooperation
For his part, Mohamed Farid, Chairperson of the Egyptian Exchange, reviewed the developments in the stock market during the past period, pointing to the role played by the market as a platform that helps economic entities operating in various sectors to access the financing necessary for growth and expansion, as well as an important platform for savings and cumulative long-term investment.
EGX has high chances to test resistance level of 11,730 points
The benchmark index EGX30 closed at 11,534.63 points, recording an increase of 1.91%. EGX70 EWI posted 1.97% loss concluding the last week at 2,114.97 points, while S&P index rose by 2.3% and concluded the period at 1,879.02 points.
EGX eyes breaking 11,500 points resistance level
The benchmark index EGX30 closed at 11,318.35 points, recording a decline of 0.99%st week. EGX70 EWI posted a 3.59% gain concluding the last week at 2,157.56 points, while S&P index rose by 0.8% and concluded the period at 1,835.82 points.
EGX expected to continue sideways movement between 11,300 – 11,750 points
The benchmark index EGX30 closed at 11,431.24 points last week, an increase of 0.82%. EGX70 EWI posted 3.31% gain concluding the period at 2,082.7 points, while S&P rose by 2.53% and concluded the period at 1,826.43 points.
Recovery expected in EGX performance after government’s incentives package
He also ordered the establishment of a special unit in the General Authority for Investment and Free Zones (GAFI) to provide a fast track for stock exchange companies, as well as study the amendment of the preferred shares system so that there is greater flexibility and freedom in their issuance.
Recovery expected in EGX performance due to government’s incentives package
Madbouly directed that concerned authorities reduce trading expenses on the Egyptian Exchange (EGX) and service charge in the Misr for Central Clearing, Depository and Registry (MCDR).
Analysts remain bullish on EGX performance this week
Mohamed Othman, head of the technical analysis department at Pharos Holding, said that the EGX rise was mainly led by the bullish performance of some blue-chip stocks, namely Commercial International Bank Egypt (COMI.CA), Fawry For Banking Technology And Electronic Payment (FWRY.CA), and Egypt Kuwait Holding (EKHO.CA).
EGX poised for real test between continued e-finance shares celebrations, profit-taking
The huge trading in the share of the fintech company brought the communications and information technology sector back to the top of the active sectors on the EGX during the past week.
EGX to see bullish signal when breaching above 10,710 points with relatively high volumes: Expert
EGX30 closed at 10,536.39 points, recording increase of 0.18% last week
Recent offerings revive hopes of EGX dealers of recovery
EGX30 likely to move sideways between 10,400 and 11,000 points in coming sessions: Agina
Redcon mulls listing 30% stake on EGX with appropriate market conditions
Tarek El-Gammal, Chairperson of Redcon Development, revealed that the company is preparing to offer the company on the Egyptian Exchange during the coming period to finance its future expansions, provided that the final timing of the offering will be determined according to an assessment of market conditions, especially with the expected repercussions of the fourth …
EGX proposes rules for listing special purpose acquisition companies
Amendments also would ease process of listed companies acquiring non-listed entities
EGX continues trading above support level, increasing chance of resuming upward move
The benchmark index in the Egyptian Exchange (EGX30) has closed at 11,056.27 points, recording a decline of 2.17% for the week. The index was still above its support level of 10,900 points, and it managed to form a higher low pattern. Meanwhile, the bullish scenario suggests that EGX30 will rise to the resistance level of …
238 companies are currently listed on EGX, with total market cap of EGP 731bn: Chairperson
EGX currently has treasury, housing, companies, and securitization bonds worth EGP 2trn