Latest in Tag: EGX Highlight
Latest in Tag: EGX
Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC
EGX blue-chip index plunges by 3.16% in morning trading
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
EGX indexes bleed due to “Friday disruptions” in Egypt
First time to suspend trading in the EGX 100 since 2016
EGX expected to recover during this week’s trading sessions
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
EGX expected to continue positive move supported by lower inflation, more potential rate cuts
The EGX30 index rose 1.2% during the last week’s trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.
EGX is studying ways to use financial technology in developing its services: Farid
Financial markets pioneered use of financial technology, are the basis of technological innovation
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
CBE interest rates cut to positively impact businesses, EGX, banks to readjust
Experts forecasts further cut before end-2019, debt instruments remain attractive
Banque du Caire to offer 30-40% stake on EGX by end-2019 or early 2020: Chairperson and CEO
Fayed statement came on the sidelines of the loan signing ceremony with real estate developer Inertia. He explained that the offering would be through a capital increase and the sale of a stake to a strategic investor, targeting around $300-400m.
EGX, Public Enterprises Sector Ministry sign deal to increase IR efficiency in 15 companies: Farid
The Minister of Public Enterprises Sector, Hisham Tawfek, said his ministry has 119 subsidiaries under the law No. 203, in addition to 107 other companies under the same law but affiliated to other ministries.
IPO of Fawry 30x oversubscribed in EGX
The offering included 36% stake, which represents 21% of its capital.
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Egyptian Exchange discusses securities industry development
Bidding unit was market demand to increase turnover of small securities, says EGX chairperson
EGX considers listing mutual fund investing in government debt instruments
The EGX welcomes all new financial products that can attract new segments of investors as long as they are consistent with the EGX rules and procedures.
EGX relies on Fawry IPO to recover, break out of sideways range
Most of this liquidity will come from Fawry IPO which is expected to energise the Egyptian Exchange (EGX), increasing the chances of profit through the expected rise in stock prices.
Trading of Fawry shares on EGX to start on 8 August at EGP 6.46
Company to implement insurance brokerage requests electronically in 4Q19, revenues expected to reach EGP 869.4m by year-end
Fawry announces its intention to offer 36% stake owned by Netherland Holding BV on EGX
Furthermore, according to the statement, shares offered in connection with the institutional offering and the Egyptian retail offering will be offered and sold at the same price (offer price).
EGX awaits catalysts to break out of its sideways range, record 14,100 points
Current share prices offer ideal opportunity for long-term investor, says Naeem Brokerage
Fawry to offer 36- 40% stake on EGX
21% for strategic investors, between 15-19% stake for IPO and private placement
Iron hits EGX trading last week amid increasing transactions
EGX expected to continue fluctuating in coming sessions
Share of Fawry offered in EGX before end of 2019 through partial exiting of investors
FV of company’s shares being determined before approval, completion of offering procedures: Okasha
FBG tops ranking of EGX transactions with EGP 33bn, followed by CIBC
Mubasher aims to expand in Upper Egypt, says Sadek
EGX expected to move sideways in anticipation of fuel price hike
Buying selected stocks amid possibility of correcting index towards 13,900
EGX performance in last 10 years catastrophic: Tawfik
Weak efficiency of EGX in creating market for exiting reduces chances of attracting direct investments, says Economic expert Hany Tawfik
EGX trading expected to recover as indexes continue at a weak performance
Absence of stimulus, positive news, foreign sales and trade escalation weaken the market’s attractiveness
Recession likely to dominate EGX in next two sessions
US-China trade conflict is confusing investors
Fawry getting ready for EGX offering: CEO
Technological culture strongly prevalent in Egypt, allows building strong digital financial system
EGX seeks to register 79 companies
Average capital of target companies is EGP 700m