Latest in Tag: stock market Highlight
Latest in Tag: stock market
Rise of interest rate to have limited effect on stock market: Experts
Economic experts give different reasons for the limited impact of the interest rate hike on the stock market
Al-Sisi imposes new taxes on Egyptians at home and abroad
President also issues tax on capital gains on stock market
Bourse rises 1.13% following budget approval
President Al-Sisi approved the State’s budget setting budget deficit at 10% of GDP
Stock market main index rises by nearly 5%
EGX-30 registers 8498.65 points on Thursday
EGX-30 inches up 1.92% following Al-Sisi’s victory
Capital market gains over EGP 6bn after series of losses
FEDCOC Securities Division to challenge stock market tax: Division member
Securities Division intends to appeal tax on stock market, claiming double taxation, as cabinet refers law to President Adly Mansour
Discount and added tax for excess liquidity canceled: Minister of Finance
Government scraps “added” tax to provide excess liquidity to traders and to facilitate transactions. Estimated proceeds of the stock market and wealth tax is EGP 10bn
Following a series of losses, capital market gains EGP 8.13bn
All stock market indices rise minimally
Bourse sheds EGP 15.99bn; capital gain tax takes the blame
Responding to losses, Egyptian Exchange suspends trading for 30 minutes
Capital gains tax meets strong resistance from investors
FEDCOC head says claim tax will “destroy the investment climate”; government remains determined to implement it
Capital gains taxes a positive step, will not weaken competition: Former EGX vice chairman
Government considering imposing taxes on stock market to increase revenues
Arabian Cement aims to raise $100m with its IPO: EFG Hermes CEO
Company will announced IPO price next week
Dubai Investments to lift foreign ownership cap to 35%
Reuters – Dubai Investments, a diversified manufacturer and investor in property, plans to increase the limit on foreign ownership of its shares to 35% of its total capital, the company said on Sunday. Foreign investors now hold 13.7% of Dubai Investments’ shares out of the total 20% allowed, bourse data shows. The firm’s shareholders, including …
Egypt bourse rallies as Sisi reappointed
Egypt’s index rose 1.6% to 8,127 points as it became clear that Sisi would remain defence minister
Egypt Hits 5-year high on Election Law talk; Q4 reports hurt Dubai
Reuters – Egypt’s bourse surged to a five-year high after a local newspaper reported that discussions over a new presidential election law would begin on Wednesday, while Dubai’s shares fell in profit-taking after mixed earnings reports. Cairo’s Al-Ahram said an administrative court, under the mandate of the 2014 constitution, would start discussions on the draft …
MidEast Stocks: Emaar lifts Dubai after credit upgrade; Sisi hopes buoy Egypt
Reuters – Shares in Dubai’s Emaar Properties surged to a 65-month high on Thursday after the firm regained its investment-grade credit rating, while Egyptian shares rose amid a regional uptrend on expectations that the army chief would run for president. Emaar, Dubai’s largest developer, jumped 4.7% to 8.30 dirhams. Standard and Poor’s raised its long-term …
Egypt to implement new rules for companies on Stock Exchange
New regulations will be implemented to help boost trading on the bourse and attract more investment
Increased political stability is the key to stock market gains: Analysts
As the market reaches its highest levels since 2011, analysts say political stability in 2014 provides a ray of hope for Egypt’s capital market
Egypt index climbed, Gulf shares also rose
Egypt index gained 0.4 percent to 6,748 points.
Capital markets shed EGP 2.5bn
Market indices drop was due to profit-taking by investors: member of EGX board of directors
Egyptian-Turkish business remains stable amid diplomatic row: Analysts
After diplomatic downgrade, Egyptian-Turkish economic relationship is questioned
Egypt index falls after deadly car bombing, Dubai hits resistance
By Olzhas Auyezov – Reuters Egyptian stocks have been on the rise since the ouster of former president Mohamed Morsi in July, driven largely by local retail investors who support the new army-backed government – but are wary of any escalation of violence. “Yesterday was a dramatic day and the country has entered a period …
Bourse overcomes Mohamed Mahmoud tensions
Market managed to register increases in all indexes
Twitter to hit Wall Street with hefty price tag
The company said it would offer 70 million shares on the New York Stock Exchange, generating $1.82 billion, and give underwriters a 30-day option to purchase an additional 10.5 million shares of common stock.
Market surges despite reported clashes
Egyptian bourse surges on Wednesday while investors anticipate Morsi trial on 4 November
Bourse falls short of 5800-point target
Egyptian markets witness expected losses after steady climb
Stock exchange denies being privatised
Stock exchange management denies claims that it would be privatised, citing outdated nature of study
Syrian crisis casts shadow on Egyptian market
Stock market witnesses the biggest fall since the 14 August violence.
Stock market registers highest gain since 14 August
Benchmark index closes up 0.9% at 5473.22 points.
Egypt-Turkey market link project stalled
Following Egypt’s political turmoil, the linking of the Egyptian and Turkish stock exchanges postponed