Latest in Tag: Stock Highlight
Latest in Tag: Stock
Profits take over Gulf markets during last week’s trading
Qatar’s stock exchange topped the Gulf markets last week with an increase of 4.66%, reaching a level of 10,428.67 points, recording an average daily trading value of 144.914m riyals. Dubai capital market came second with an increase of 3%, reaching the level of 3,471.9 points, recording an average daily trading value of 496.84m dirhams. Saudi …
HC Securities’ Deputy CEO expects further decline in stock prices
High volatility in markets does not foster a benign environment for IPOs, says Metwally
EGX seeks to improve position in World Bank’s Doing Business report: Omran
Targets of stock market might be hindered due to  low global economic growth, EGX’s chairman indicated
EGX to decline to 6,700-6,800 points on Sunday: Analysts
Technical analysts attributed predictions of fall in EGX to impact of severe decline in Gulf and European stock markets, due to decrease of price of oil
Opinion: One fried stock, please!
While Chinese investors can’t seem to satiate their hunger for domestic shares, the Germans are avoiding them like the plague. But there are plenty of exceptions, according to our columnist Zhang Danhong. When Klaus was first handed the certificate that made him an official VW shareholder, he was only 8 years old. His parents wanted …
Return of GDRs to be provided in Egyptian pounds
EGX loses EGP 4.5bn on Monday
EFG Hermes increases capital by EGP 391.83m
Increasing authorised capital from EGP 3.2bn to EGP 6bn has also been approved by EGX
Stock losses continue, market declines by EGP 15.3bn
Total market losses so far at EGP 48bn, while gains amount to EGP 5.9bn
Petroleum prices drive stock market down: Experts
Market gains EGP 5.9bn Monday after witnessing a huge loss the previous day
No intention to re-adjust price offered for EFG-Hermes stock: Beltone-Sawiris alliance
The alliance says deal will bring $230m in foreign investments.
Egypt’s bourse posted its biggest percentage loss in seven months
Reuters – Egypt’s bourse posted its biggest percentage loss in seven months on Monday as local investors continued to book profits on positions built in anticipation of former army chief Abdel Fattah al-Sisi’s run for president. The main Cairo index tumbled 3.6% to 7,805 points, dropping for a third session in a row, as all but two of …
Egypt stocks continues to drop
Reuters – The Cairo bourse, which dropped 2.7% last Thursday after Sisi said he would run for president, fell a further 1.9% on Sunday to trim 2014 gains to 19%. But there were signs the correction was slowing and the market closed above the intraday low. “Towards the end of today we saw a bit …
Etisalat’s Egyptian unit considers stock market listing
The last major IPO on the Egyptian exchange was in 2010.
Egypt gains marginally after $40bn housing deal; Gulf mixed
Reuters – Egypt’s shares rose slightly on Monday after a deal between the country’s army and a Dubai builder for an affordable housing project worth EGP 280bn ($40.2bn). Cairo’s benchmark index advanced 0.5%, recovering early-session losses and boosting 2014 gains to 17.6%. Under a deal with Cairo’s army-backed government, Dubai’s Arabtec will build one million …
Egypt imports 295,000 tons of wheat with a price tag of $86.28m
Wheat stocks sufficient until 2 June; 60,000 tons imported from Romania, 235,000 tons from Russia
EGX chairman urges international financial institutions to acquire stake in SMEs
Mohamed Omran says new listing rules aim to encourage companies to join stock market
MidEast Stocks: CIB’s strong earnings lift Egypt; Aldar drags down Abu Dhabi
Reuters – Egypt’s bourse rose on Wednesday as the country’s biggest listed bank posted strong fourth-quarter earnings, while markets in the United Arab Emirates weakened after a disappointing earnings report from Abu Dhabi property developer Aldar. Egypt’s index added 1.0% to 7,571 points after Commercial International Bank (CIB) posted a 29% rise in quarterly net …
MidEast Stocks: Egypt hits new 45-month high; Dubai surges
Egypt’s benchmark index rose for a fourth straight session, up 0.4% to 7,488 points, to its highest level since April 2010.
Egypt shares slips from 4-Yr high; UAE mixed in downbeat Gulf trend
Reuters- Egypt’s benchmark index slipped 0.4%, easing off Sunday’s four-year high, as investors booked profits in mid- and small-cap stocks. Egyptian Resorts dropped 5.2% and Palm Hill Developments Company fell 2.2% on Monday. Investors remain positive on the market despite uncertainty over a cabinet reshuffle. Prime Minister Hazem el-Beblawi has said the reshuffle will include …
Middle East markets mostly rise
Giant construction deal lifts Abu Dhabi, Saudi banks rally on, Egypt rises on stimulus package
US stocks hit by emerging-market fears
The Dow Jones Industrial Average sank 180.26 points (1.14%) to 15,698.85 over the five days of trade.
MidEast Stocks: Egypt surges after Sisi cleared for presidency vote; UAE markets rebound
Sentiment was also helped by Finance Minister Ahmed Galal saying the interim government would soon launch a second stimulus package of about the same size as the first one, EGP 30bn ($4.3bn).
The Stock Exchange predicts positive results in 2014
This week will have only four sessions due to the New Year holiday next Wednesday.
Middle East stock market mostly rises
Some fund managers think a pull-back is likely in the near term since Dubai has risen so sharply.
Political turmoil’s affect on construction market is limited: Gleeds
Gleeds Construction Consultancy Egypt’s quarterly report highlights impact of recent political upheaval on economic sectors.
Stock market hits highest levels in eight months
Benchmark index hits 5765.8 points, expected to move upward over coming period
EGX 30 rises for the 8th consecutive day
Investors seek the Egyptian bourse, leading liquidity to head to the stock market
Egyptian market rises stably
The stock market registered its highest gain in seven months
European stocks jump on China data, easing Syria fears
The European single currency eased to $1.3242 from $1.3250 late on Monday. The dollar rose to 100.03 yen from 99.59 yen.
European stocks slide on fears over Syria, Fed tapering
The European single currency climbed to $1.3211 from $1.3180 late on Friday.