Latest in Tag: egyptian stock exchange Highlight
Latest in Tag: egyptian stock exchange
Egyptian stock market grows considerably in 2013
The annual report shows that total value traded in 2013 registered EGP 161bn, marking a decrease from EGP 185bn in 2012 and a hike from EGP 148bn in 2011
Egyptian Stock Exchange ratifies new strategy
Strategy involves modernising Egyptian market and overcoming current obstacles it faces
Omran: my nomination was a surprise
Local media have reported news of new bourse head and chief of EFSA
Egypt’s Stock Exchange launches new website
The website was in a testing phase on Wednesday and was scheduled for a full launch Wednesday evening.
EGX30 based futures contract to trade on NYSE Liffe London
Futures contract on EGX 30 index will increase volumes on the underlying constituents of EGX 30 index, which will increase liquidity on EGX cash market
ITIDA targets 17 per cent growth in IT sector by 2013
280 companies have been granted loans with updated registration requirements based on the standards of ITIDA
ASEA to launch the Pan-African Index
The President of the African Securities Exchanges Association (ASEA), Sunil Benimadhu, talks to Daily News Egypt, discussing Africa’s potential as an investment destination and the role of securities exchanges in promoting and benefiting from such potential.
Omran: EGX pre-trading session to commence before year’s end
The alliance between Cairo and Istanbul stock exchange will be a role model for similar alliances
Misr Al-Mostaqbal leading mutual fund market
An equity fund with a civic-minded twist outperforms the rest of the market
EGX30 closes above resistance level
The standard stock exchange index, EGX 30, ended Monday’s session above the resistance level of 5,800 points for the first time this month amid expectations of a continuing increase. The index closed Monday at 5,893 points compared to 5,793 points on Sunday, gaining 1.73 per cent, while the EGX70 index for small and medium sized …
Closing price mechanism to be launched Thursday
The Egyptian Stock Exchange (EGX) will implement a new closing price mechanism on Thursday. Egypt’s financial watchdog, the Egyptian Financial Supervisory Authority (EFSA), approved the new regulations for changing stocks’ closing prices, as suggested by EGX board of directors, on 28 August in an effort to impose more discipline over trading operations. The new regulations …
Financial Supervisory Authority to revive EGX Pre-trading session mechanism
The revival of the pre-marketing session was suggested by the board of the Egyptian Stock Exchange
Cabinet formation to steer EGX performance this week
The stock market took a hit when HeshamQandil, Minsiter of Water Resources and Irrigation, was chosen to lead the new government
Bargain hunters lift Egypt; most Gulf markets up
By Tom Pfeiffer and Nadia Saleem / Reuters CAIRO/DUBAI: Egyptian stocks rallied on Wednesday after their biggest losing streak in months created fresh buying opportunities, and most Gulf markets also rose, supported by an upbeat global backdrop. Cairo’s main index rose 0.8 percent, lifting from Tuesday’s three-week low. The benchmark had lost 7 percent in four …
Egypt tumbles to 3-week low on political concerns
By Reuters CAIRO: Egypt’s main share index tumbled to a three-week low, dragged down for a fourth day by a series of reports that indicate Egypt’s economic and political troubles will not be resolved as quickly as thought, traders said. Real estate shares fell after a string of bad company results, while financial companies declined …
Egypt retreats further from eight-month high
By Reuters CAIRO: Egypt’s benchmark index dropped for a second day, retreating further from an eight-month high reached last week when optimism grew that Egypt was recovering from a year of political and economic turmoil. Gains since the start of the year have boosted the index by around 50 percent. The index slid 1.8 percent …
Egypt gains on upbeat Q4; most Gulf markets extend gains
By Reuters CAIRO: Egypt’s bourse bounced back from a two-session decline as estimate-beating earnings lifted sentiment on Thursday and most Gulf markets rallied as buying momentum continued despite a weaker global backdrop. Commercial International Bank, one of Egypt’s largest, surged 8.1 percent after its fourth-quarter net profit fell by a less-than-anticipated 9 percent. Telecom Egypt …