Latest in Tag: stock market Highlight
Latest in Tag: stock market
Omran: my nomination was a surprise
Local media have reported news of new bourse head and chief of EFSA
Four days off to stock market employees for Eid Al-Fitr
The break is set to last four days until 11 August, with stock market sources
Egypt’s banking sector is optimistic about change
Recent improvements seen in the stock market and decreases in the cost of insuring government debt have reflected positively on the feelings of those working and operating within the sector, who recently decided to decrease return rates on Treasury bonds by 1%
Egypt’s stock exchange, banks off on July 23
Operations would resume Wednesday 24 July.
Assets of Brotherhood leaders blocked
New bourse head says number of individuals subject to blocked accounts on the rise
Fitch Group’s new credit downgrade of Egypt does not take into account recent aid received from the Gulf
The analysts stated that the recent downgrade would not have a large affect on Egypt’s banking sector, adding that the value of stock for some banks may decrease as a result, but only for one or two trading sessions at the most.
Republican Guard headquarters violence prompts market slide
The EGX 70, an index of small and medium-sized companies,declined by a precipitous 5.32%, while the broader EGX 100 slid 4%.
Egypt’s stock market rejects claims that it has frozen the assets of Muslim Brotherhood leaders
Tariq Abd al-Bari, chairman of Misr for Central Clearing, Depository and Registry, stated that the company had not yet received any orders to freeze the assets of any individuals since the outbreak of recent protests on 30 June.
Investor optimism back in force
Retired investors return to stock market on optimism about the country’s economic future
Bourse plunges to one-year low after MSCI announcement
Egypt may be bumped from “emerging market” to “frontier market” on lack of liquid investments
Engineering consulting company releases quarterly report
The consulting firm says Egypt’s consumption price index increased by 4% due to increases in food prices and the devaluing of the Egyptian pound
EGX lost EGP 5.5bn last week
Stockbrokers attribute the drop to Orascom’s recent refusal to go public
Stock market’s indices turn green
Positive performance for EGX as the week begins, experts to re-assess end of the week
Egyptian economy in freefall
Egypt’s ultimate economic policy challenge lies in how to reconcile the high expectations of ordinary Egyptians for better livelihoods while reducing the deficit and improving Egypt’s economy
Market indices dip as political instability continues
The index started the day at 5.688 down one point from Sunday; it rose to 5.702 points before starting the downward trend to close the day at 5.608 points, failing to stay above the 5.700 points level.
Egypt stock exchange hemorrhages
Train crash expected to push EGX30 down to 5,600 points
EGX ignores economic malaise over last week
The benchmark index, EGX 30, started the week at 5.734 points to reach a two month high of 5.867 points, before falling to 5.755 points at the end of the week.
EGX jumps 5.85 per cent in the first week of 2013
Sharp speculation regarding the dollar has had a negative effect on Egypt’s economy
EGX upward trend cut short
Analysts say that a “Yes” vote on the constitutional referendum would positively influence the Egyptian stock market
Unexplained upturn in the market
EGX 30 moved up 213 points to close the session at 5,052 points
Stock exchange continues to fall
Mood of pessimism continues to drive down stock market
IMF loan restores faith in the stock market
The IMF deal has been seen by analysts as the key catalyst of recovery in the stock exchange after the revolution
EFG deal fails to lift the market
Al-Saeed expects the market to resume its positive performance Wednesday despite price fluctuations.
EGX performance reacts oddly to political instability
The Egyptian Stock market index maintained its downward trend after a weekend of massive agitation.
Stock Market remains resilient despite calamitous week
By Fatheya Al-Garhy The stock market remained surprisingly resilient to last week’s consecutive multitude of violent events: Nile City towers, Dahshour and Rafah. They caused a sharp decline in the market’s indices only for them to rebound back and absorb the events, supported by Egyptians’ purchasing transactions. Another major factor that contributed to the market’s …
European stocks firm despite mounting global economic woes
London’s benchmark FTSE 100 index added 0.24 percent to 5,512.68 points in midday trade but was off earlier highs following dire news that Britain’s recession deepened in the second quarter of 2012. British gross domestic product slumped by a worse-than-expected 0.7 percent in the three months to June, according to official data published just ahead …
Stock market exceeds analysts Ramadan expectations.
EGX stable at the end of Ramadan’s first session.
Stock market performance surpasses analysts’ Ramadan forecast
By Fatheya Al-Garhy The Egyptian Stock Exchange (EGX) closed after the first session of Ramadan with prices maintaining relative stability, the opposite of what most analysts expected. Observers predicted that the EGX’s indices would experience sharp declines in the value of trading with the start of the holy month. The shares of Orascom Telecom Media and …
EGX plugs to global markets
The HUB FIX project connects the Egyptian Stock Exchange to markets across the world via the networks of Fidessa and ULLINK
EGX trading volumes decrease due to delay of cabinet formation
Corrective movement among the indices of the Egyptian Exchange happened last week after a period of steep increases that began with the announcement of Mohamed Morsy as President.