Latest in Tag: EGX Highlight
Latest in Tag: EGX
Heliopolis Company targets EGP 200m profits for FY 2015/2016
Company is studying issuing two tenders for four real estate projects
Stocks traded in Q1 2015 record EGP 79.8bn
Egyptians controlled 83.96% of the value traded during the quarter, EGX report noted
Olympic Group renamed as Electrolux Egypt
Electrolux sells products in over 150 markets with total sales of EGP 99bn in 2014, says CEO
Renaissance Capital to list companies in EGX
Bonds released for Qalaa Holdings will not be less than $100m: Badr
2015 proves promising for capital marketÂ
After 2.5 months in 2015, capital listings in Egyptian Exchange have almost reached the total registries in 2014
Government offers tender increasing some public companies’ EGX capital
Some financial experts believe these public efforts are positive and will relieve pressure on the state treasury
Pioneers Holding considers new acquisitions in 2015
EGX witnesses some activity in 2015 with Emaar Properties PJSC, Orascom Construction (OC) listings, acquisition of Bisco Misr by Kellog’s
OCI begins trading shares on NASDAQ Dubai
OCI expects to begin trading shares on the Egyptian Exchange (EGX) between 10 and 11 March
Emaar, Orascom Constructions listings approved days before Economic Summit
OCI is the first foreign company to list its shares in EGX due to the dual listing system in the form of shares rather than Egyptian certificates of deposit for approximately 20 years.
OCI targets financial reconstruction via 10% increase in capital in EGX: MD
Construction works for El-Hamrawein power plant to be implemented in Q1 of 2016, participation in tunnels of New Suez Canal, says Bishai
Qalaa Holding investigates raising capital to EGP 1.8bn: Sources
Qalaa Holding Company aims to increase capital to EGP1.8bn, in return for share swapping of partners stocks in subsidiaries and sister companies
Economy recovering, EGX records show: Dcode EFC Report
Egypt’s economic recovery has been demonstrated by its EGX30 records according to a Dcode Economic and Financial Consulting (Dcode EFC) report, released in this month. The report specified that measures were taken by the Egyptian Financial Supervisory authority (EFSA) and EGX that helped in providing simpler listings rules. The measures included the release of rules …
Capital market sheds EGP 9.2bn
Trading day delayed for a minute to mourn lost Egyptian lives
Petroleum Ministry, EGX negotiations to fund, structure oil companies: Minister
We are studying ways to benefit from EGX to structure companies needing financial development without burdening state treasury, says Sherif Ismail
Capital market gains EGP 6bn on EFTs’ first trading day
EGX committee approved listing of ETFs in 2014 with initial value of EGP 10m
Egypt’s year in review 2014
With investor confidence growing, Egypt is looking forward to a sizeable boost to its economic performance in 2015. A peaceful conclusion to presidential elections in June, along with slowing inflationary pressures, a slew of crucial fiscal reforms and rallies on both the EGX [Egyptian Stock Exchange] and in the tourism sector, have helped pave the …
59.9% Bisco Misr shares to be acquired by Kellogg’s
Banque Misr, which has 7% shares in Bisco Misr, refuses to give out information regarding decision to sell until 11 January
Mehleb and chairmen of EGX and EFSA study criticised securities tax: Government official
Securities industry representatives strongly criticised the tax, describing it as punishment for investors looking to diversify portfolios
Index funds delayed to January, secondary market for bonds awaits consensus: EGX Chairman
Over 30 EGX companies will be given less than 1% for free stock exchange to manage their position and offer more bids for free exchange
Stock losses continue, market declines by EGP 15.3bn
Total market losses so far at EGP 48bn, while gains amount to EGP 5.9bn
Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
Encouraging signs for Egypt’s economy
By Oxford Business Group After years of uncertainty and turbulence, Egypt’s economy is beginning to show some signs of recovery, with a marked rise in business confidence helping to strengthen indicators in both capital markets and the broader economy. Emerging signs of growth are welcome not only for investors, but also for the government, following …
Documents requested for stock market listing reduced
Up to six companies are expected to list on EGX before end of year
Up to six companies to be listed on stock market: EGX chairman
Four companies have already listed in the market during 2014, with more to follow
EGX requests financial disclosure from listed companies
Stock market has witnessed series of significant losses during past week
Masr El-Salam prepares for EGX listing next month
Chairman says company is “offering 20% of shares worth EGP 80m to construct first phase of the Salam Industrial Complex”
Domty chooses EFG-Hermes as financial advisor for IPO
Listing will take place in 2015 with EGP 2bn in revenues anticipated, chairman says
Capital market sheds over EGP 14bn
Egyptian markets influenced by losses in the international and Arabian capital markets
Bourse rises 1.13% following budget approval
President Al-Sisi approved the State’s budget setting budget deficit at 10% of GDP
Amer Group sees EGP 1.28bn in block trading deal
876m shares were sold in Thursday’s block trading deal at EGP 1.47 per share