Latest in Tag: Egyptian Exchange Highlight
Latest in Tag: Egyptian Exchange
Three challenges facing new offerings on EGX
The real challenges appeared after A.T. LEASE failed to meet one of the requirements of IPOs last week, as the company should have a minimum of 300 shareholders after the IPO.
EGX-30 expected to range between 7,500 and 7,600 points during Sunday trading
Mohamed Al-Assar, head of the technical analysis department at the National Bank of Kuwait (NBK), said the Egyptian Exchange’s benchmark index EGX-30 will range Sunday between 7,500 points and 7,600 points in light of weak trading volumes below EGP 500m
Kuwait’s Al Salam presents a disclosure report on issuing certificates of deposit to the EGX next month
The company plans to complete the report within one month. It will include the number of shares to be offered and the fair value per share, which has been set by an independent financial adviser
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.
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
EFG-Hermes loses EGP 63m during Q1 of 2016
The parent company’s earnings, excluding the proceeds of its subsidiaries, amounted to EGP 72m, compared to EGP 40m in the same period last year, an increase of 80%
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)
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
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.
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
EGX to participate in first international conference on Islamic banking and finance in Saudi Arabia
The conference will be attended by the vice president of the World Bank’s Middle East and North Africa office
EGX-30 expected to range between 5,900 and 6,200
Investors still wait for positive news to return to their purchasing behaviour
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
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
ETFs as successful as EGX-30: Beltone Financial executive
ETFs were launched under “difficult circumstances”, chairman of EGX
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
Analysts predict EGX-30 to remain insulated from larger downward trends
All indexes witnessed a surge during the past week
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 …
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
Sawiris dominates Egypt’s financial sector in 2015
By December, Orascom presented an acquisition offer to CIB’s CI Capital
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
EGX rises minimally, remains affected by global performance
Response of capital market was violent following expectations of a global economic slowdown, Omran highlighted