Latest in Tag: shares Highlight
Latest in Tag: shares
Egypt shares extend gains; record best weekly rally in September
Local investors boost the market as they embark on building new positions
Egypt shares keep rally alive as foreign investors buy
The main index ticks up 0.62 percent in four sessions buoyed by foreign purchases
Ibnsina Pharma starts IPO of 25% of capital
Beltone Financial will take over the initial public offerings of the company’s shares
Egypt shares extend slide for 2nd week, await fresh stimulus
Foreign investors dump local stocks ahead of Eid Al-Adha vacation
Egypt shares record first weekly gain in a month amid heavy trade
Foreign investors served as a buoyant to the market, likely to extend rally
Egypt shares hit by profit-taking, likely to extend gain on foreign purchases
EGX 30 targets 14,000 points in the mid-term, says analyst
MCDR spends EGP 72m for its general assembly in May
Member of the board of directors of Misr for Central Clearing, Depository and Registry company (MCDR), Awny Abdel Aziz, told Daily News Egypt that his company spent EGP 72m in the form of profit distribution for the members of the general assembly in the last few months, as the profits of 2016. He said that …
MTI completes IPO, oversubscription increases 19 times
Company in negotiations to acquire a microfinance company: Mahmoud
RCC announces intention of IPO of ordinary shares at EGX
Raya Contact Center (RCC) announced today the offering of up to 48,994,000 existing ordinary shares, representing 48.99% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX), currently owned by Raya Holding for Financial Investments, the selling shareholder. The offering will include an international offering to institutional investors, an Egyptian retail offering to …
Banque du Caire applies to list shares in EGX
The Egyptian Exchange (EGX) said in a statement on Wednesday that Banque du Caire applied to list its shares in the EGX with a capital of EGP 2.25bn, distributed over 562.5m shares with a nominal value of EGP 4 per share. The EGX added in a statement on its website that it is currently studying …
Misr Financial Investments Company contracts with Hermes, HSBC to offer its Banque du Caire share on EGX
The company will remain the owner of the ruling share in the bank after the offering, says prominent banker
DBK Pharma targets to offer 30% of its shares on EGX in Q1 of 2017
The promotion of this IPO requires effective action, especially after the failure of covering the IPO last year, says company
Cleopatra Hospital shares begin trading on the EGX
International investors constituted the majority of orders for the institutional offering
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.
Domty’s share increases by 9.35% from offering rate on the initial days of its trading
Although the session closed at the share’s increase of 9.35% compared to the offering price, it declined by 1.76% from the opening price
Nasdaq Dubai launches new ‘share link’ to facilitate trading for Egyptian investors
New link enables Egyptian brokers to trade securities of Nasdaq Dubai through its members
Shares in Japan Post soar on market debut
Japan Post, a massive formerly state-owned conglomerate, went public on the Tokyo Stock Exchange Wednesday, raising $11.5 billion in an initial public offering that was this year’s biggest. After the opening bell in Tokyo, investors scrambled to snatch up shares in the three companies affiliated with Japan Post, including the group’s holding, insurance and banking …
Lift Slab board approves capital increase, new activity
The EGP 43m increase will be distributed in 4.3m shares with a nominal value of EGP 10 per share
US, European stocks plummet after China rout
Panic selling gripped US and European stock markets on Monday after Chinese shares sank deeper, posting their largest intra-day fall since 2007 on worries that the Asian powerhouse was in for a hard landing. US stocks tumbled in opening trade on Monday, with the Dow plummeting more than 1,000 points or 6 percent within minutes …
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …
Arabian Cement studies selling frozen shares
Company held an IPO in May 2014
UK begins selling shares in RBS
The British government has begun selling its shares in the bailed-out Royal Bank of Scotland, seven years after it acquired a majority stake in the embattled financial institute at the height of the financial crisis. The Treasury said Tuesday it had sold 630 million shares, representing 5.4 percent of the bank, for 2.1 billion pounds …
Emaar Egypt shares decline to EGP 3.71 per share
The shares declined amid active trading exceeding 77m shares, at a total value of more than EGP 303.9m
Emaar Misr Board approve capital rise by EGP 600m
Firm’s current issued capital evaluated at EGP 4.019bn, set to reach EGP 4.619bn with increase
EGP 218m Palm Hills net profit in Q1 of 2015
Palm Hills achieved sales of EGP 1.35bn, sales doubled for high-profit projects during Q1 2015, says co-CEO
Abraj Misr offers 15% of its shares in 2016, listing advisor to be selected after 45 days
Company to launch shares in EGX starting next fiscal year to expand in the Egyptian real estate market
Doubts raised over Kellogg’s bid for BiscoMisr shares
Kellogg’s EGP 940m bid for 51% of company awaiting response from Financial Supervisory Authority
Kellogg’s offers EGP 945m for 51% of BiscoMisr
US-based frim will develop the company and launch its products on international markets
Global Telecom sells Burundi and Central Africa shares
Global Telecom planned to sell Telecel to another entity last year, but Econet Wireless Global was unable to complete the deal.