Latest in Tag: stocks Highlight
Latest in Tag: stocks
Foreign investors retreat from EGX selling EGP 744.5m in stocks
Foreign investors have sold EGP 744.54m in shares since the beginning of 2016
Asia markets remain volatile as losses begin stabilizing
Asian markets mostly fell at the end of the trading session on Tuesday. China’s benchmark has stabilized a day after plunging nearly 7 percent.
German stocks index rises for fourth consecutive year
Germany’s blue-chip stocks index, the DAX-30, has completed a fourth year of a rising trend as 2015 comes to a close. An index of European blue chips also rose, albeit by only half as much.
Egypt tripled domestic IPO in 2015: Backer & McKenzie
2015 witnessed the first cross-border IPOs by Egyptian issuers in the past five years
Devaluation is the sole option in Egypt: EFG Hermes
Non-financial companies that will benefit EGP devaluation will include OTMT, Oriental Weavers, Global Telecom Holding, Lecico
Stock market main index drops again
The day started with an increase in the benchmark index but ended with another loss
Climate change could pummel stocks: study
Environmentalists aren’t the only ones fretting over climate change. A new study has calculated the risk to financial markets if temperatures are allowed to rise uninhibited. Inaction, it said, would be a bad investment. A fresh study by the Cambridge Institute for Sustainable Leadership has put a price tag on climate change mitigation. Investment portfolios …
US stocks volatile after Fed keeps rate steady
US stock markets swung between big gains and losses after the Fed kept interest rates near zero. Investors struggled to decide how to interpret the decision and what it means for the health of the US economy. Wall Street gave up a rally of more than 1 percent on Thursday, after the Federal Reserve decided …
China’s stocks rout evokes global slowdown fears
The more than 8% plunge in the Shanghai Stock Exchange on Monday, 24 August , is the biggest single-day loss Chinese stocks have seen since the peak of the global financial crisis in 2007
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 …
China manufacturing tumbles, so do stocks
China’s factory activity saw a sharp decline in August, showed an independent survey, adding to growing worries about sputtering growth in the world’s second-largest economy. Chinese stocks also extended their losses. The Caixin’s Purchasing Manager’s Index (PMI), which tracks activity in Chinese factories and workshops, fell from 47.8 in July to 47.1 in August. It …
Stocks of Safwan Thabet frozen, Abderdeen increases stakes in Juhayna
Stock marketâs main index EGX-30 dropped by 0.94%, registering at 7172.6 points
Greek banking stocks plunge again
Greece’s banking stocks have plunged for the second day in a row, almost reaching the 30 percent daily limit for losses only minutes after trading began. That limit was reached Monday, compounding Athens’ financial woes. The Athens stock exchange’s banking index, which measures the value of Greece’s four largest lenders, dropped 29.2 percent on Tuesday …
Financial services, real estate companies lead stocksâ trade in May
Value of traded securities during previous month totalled EGP 18.3bn
Capital market sheds EGP 7bn
ICFC announced intention to increase capital from EGP 30m to EGP 45m early Monday
Capital market gains EGP 6bn on EFTsâ first trading day
EGX committee approved listing of ETFs in 2014 with initial value of EGP 10m
Stock markets losses EGP 9.4bn
Trading on Orascom Hotels and Development stocks started during Tuesdayâs session
800% increase in capital of bourseâs traded companies: EGX Chairman
Increase in public offering registered EGP 5.5bn during first half of 2014
Decision on stock market tax is âfinal and irreversibleâ: Finance minister
Dimian estimates that proceeds to the treasury from the new tax will range from EGP 5 – EGP 6bn, but this will be linked to market performance.
Dubai says agreement in principle on UAE bourse merger; no final word on bond issue
Reuters – A top Dubai economic policymaker said on Monday that an agreement to merge the two main stock markets in the United Arab Emirates, the Dubai Financial Market and the Abu Dhabi Securities Exchange, had been reached in principle but nothing had been finalised. âIt is going to be very positive. The agreement has …
Private equity firm Actis reduces stake in Egyptâs CIB
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egyptâs biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank âin the open market to a group of international investorsâ. The shares were sold to Egyptian and other Arab institutions …
Egypt lifts ban on brokerage firms trading foreign stocks
Reuters – Egyptâs financial regulator, as part of a broader effort to invigorate the countryâs financial markets, has lifted a ban on brokerage firms and fund managers trading shares listed overseas. The marketsâ watchdog introduced the ban in June 2012, saying such deals exposed investors to risks it could not monitor. Traders at the time …
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 …
Egyptian indices see gains across the board
EGX-30 jumped by 1.31% and closed at nearly 7180 points
Most Middle East markets gained on Tuesday
Saudi Telecom lifts index with strong Q4 earnings
Real estate boosts Dubai; earnings misses weigh on Saudi sentiment
Egyptâs index added 0.5%, partially rebounding from a 2.0% tumble on Sunday
EGX to review stocks of specialised companies twice a year
Egyptian Exchange says it is keen on increasing depth and efficiency of the capital market
Bourse rises to 35-month high on economic stimulus plan
MidEast stocks mostly gained on Tuesday
Twitter set to make a splash on Wall Street
The company will trade under the “TWTR” symbol on the New York Stock Exchange, breaking from the Nasdaq market used by a large number of tech companies.
Market still pounded with losses
Fears of upcoming demonstrations along with the Syrian-US issues weigh heavily on market