Latest in Tag: Stock Highlight
Latest in Tag: Stock

How would new IMF loan help attract foreign investment back into Egypt stock market?
It is necessary to secure dollar liquidity to prevent speculations on local currency: Amr Elalfy

EGX targets new resistance level of 11.200 points this week
Market capitalisation reaches EGP 715.7bn last week

Egypt stock issuances decline 48% during 5M of 2020: FRA
Insurance premiums fall by 11.4% to EGP 2.67bn in May

HC maintains overweight rating on Orascom Development stock
ODE stock takes hit due to tourism sector exposure, despite impressive real estate operations

COVID-19 infects EGX: stocks plunge to lowest level since 2008 financial crisis
The EGX decided to stop the trading session for half an hour on Sunday, and later resumed the trading as the EGX100 index dropped 5% to 1,243 points level

Stock protects car dealers, agents from Corona virus effect
Saad ruled out the presence of any obstacles that might hinder the entry of Chinese industrial products shipped from customs outlets, as medical checks and health security measures are carried out on agricultural products that are likely to be carriers of the virus.

Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC

EGX likely to continue trade decline amid hopes of US-China trade war end
Pharos expects main index to pass 13.800 points supported by decline in sales

Canal Sugar inks EGP 5bn contracts to complete Minya sugar beet project by 2021
Canal Sugar, an Egyptian joint stock company, headed by the Emirati investor Gamal Al Ghurair, signed three contracts worth EGP 5bn to complete the establishment of its sugar beet project in Minya. The first contract consists of three agreements with the Saudi Alkhorayef Group to cultivate sugar beet using the latest agricultural machinery, supplying 1,000 …

EGX on a roll as investors build new positions in blue-chips stocks
Market capitalisation gains EGP 15bn in a week, closes at EGP 830.25bn

Egypt stock market to move upwards in mid-term on strong earnings season start
Benchmark EGX30 rose 4.5%, or 620.03 points in week, finishing at 14,126.68 points

Juhayna stock still attractive for investors despite earnings cut: report
Demand growth to be muted in short term on continuation of economic reforms

Eastern Company’s employees profit share increase to weigh on performance: report
Firm surplus cash balance dropped by EGP 3bn to EGP 1.78bn

Egypt shares await fresh stimulus to resume rally amid lack of catalysts
Main benchmark extended downward trajectory last week on sell-off streak

Bourse suffers amid broader selloff streak in emerging markets
EGX30 records its worst monthly losses in almost 2.5 years, likely to end correction this week

Finance Ministry prepares to replace stamp duties with capital gains tax on stock market transactions
Plan to automate all taxation operations within 3 years, terminating paperwork

African stock market booms, but challenges remain
Although starting from a low base, a recent IMF study shows that African markets have begun to help in financing

Major trend of EFG Hermes’ stock is still up despite current correction: report
The daily chart shows that the stock might be building a medium-term base, says Markets Chimp

Telecom Egypt transforms into full-fledged operator to boost share performance: report
The stock has returned 17% in just five months, likely to extend rally

EFSA approves decision to reduce trading time on stocks in EGX
EGX begins meetings with investor relations officials to improve communication and disclosure

Egypt stocks likely to extend gains with second tranche of IMF loan, foreigners’ purchases
EGX 30 rises 3.5%, or 452 pts, in a week to an all-time high level of 13,822.59

EGX opens the candidacy door for companies registered in the main market and NILEX
The decision is in line with the president’s amendment of the regulating controls of EGX: Omran

Foreign Portfolio investment in Egypt to record net inflow of $7bn: Institute of International Finance
Stock market is expected to lure in more foreign investors in 2017 with cheap prices

Concerns of imposing stamp duty overshadow EGX trading
The stock market is in danger due to the expected tax, says Saeed

Samcrete plans to delist Al Dau Heights stock from EGX
Samcrete aims to maintain the listing of other companies, resulted from the division of the parent company, such as Samcrete Building Systems which will increase its capital

No end to Takata stock freefall
Shares of troubled Japanese airbag maker Takata have continued their downward slide as the company braces for a drawn-out bankruptcy restructuring. The firm is at the center of the auto industry’s biggest recall.Takata shares tumbled again on Monday, diving nearly 18 percent on the Tokyo Stock Exchange on fears of a protracted bankruptcy restructuring for …

Sporting events contribute to Eastern Company’s reputation and stock value: Osman Haroun
Under the auspices of the Egyptian Chess Federation, presided over by Hesham El-Gendy, the Eastern Company organised and sponsored the Golden Cleopatra International Chess Championship, which was held from 13-21 December. This prestigious championship dates back to 1997. The championship took place at the Mundial Hall at the company’s club. The hall is the most …

GB Auto increases car prices 3 times in November, causes temporary shock in market: Ghabbour
Sales will return to normal within a few days, says the chairperson

Trump’s victory and Egypt’s economy: are changes on the horizon?
The new president of America is expected to promote trade agreements between Egypt and US, says economics professor

EGX30 expected to continue moving sideways to 7,800-8,020 points: analysts
Technical analysts predicted that the Egyptian Exchange (EGX) would move sideways, leaning towards a decline, amid decreasing trading volumes this week. Moreover, they said the index should range between 7,800 and 8,020 points. They recommended that dealers and investors take advantage of this predicted decline over the first few sessions of the week to buy …