Latest in Tag: The Egyptian Exchange Highlight
Latest in Tag: The Egyptian Exchange
EGX sees strong selling pressure for 5th session straight
Stocks account for 42.62% of total value traded on main market, remaining 57.38% captured by bonds over last week
EGX targets 10,800 points resistance level, should 10,650 points barrier be surpassed
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
EGX expected to recover, break 11,420 points barrier
A clear breach above the latter area on a weekly basis would pave the way for a strong upward move, where the next resistance level will be at 11,800 points.
EGX to see sideways trend this week on lack of market catalysts
Analysts forecast EGX to break the 11,200 points barrier this week
EGX launches account aggregation system for Egypt’s SME market
New system facilitates institution ability to deal with shares in Egypt’s SMEs
EGX moves upward for 3rd consecutive session supported by local purchases
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
EGX to resume trading next Sunday
Trading sessions in main market will be from 10:00 to 14:30
EGX launches new index EGX100 EWI to diversify market performance measurement
New index follows new methodology to better reflect performance of companies, says Mohamed Farid
EGX rebounds 2.54% as Egypt eases coronavirus restrictions
Gulf stocks gain, Saudi Arabia’s benchmark index closes at 2.4%, Dubai 1.9%
EGX rises 3.26% with market capitalisation up EGP 11.2bn
The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.
EGX breaks 10,300 barrier amid selective buying opportunities
Expectations to test 11,000 points over weekend
EGX rebounds on Egyptian purchases, holds above 9,000 points
Benchmark index to target 11,000 points on medium-term, says pundit
EGX launches new index EGX70 EWI on Sunday
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points.
EGX expected to maintain sideways at 13,700-14,000 amid low liquidity
EGX30 to test 14,100 this week: MEDAF
Egypt’s first exchange market for industrial and agricultural commodities to launch within days
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
EGX rises 3.3%, supported by Egyptian and foreign purchases
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.
EGX starts to reverse losses, climbing 2.5% following 8-day drop
CIB hikes by 5% and Eastern Company by 4.7%
Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC
EGX indexes bleed due to “Friday disruptions” in Egypt
First time to suspend trading in the EGX 100 since 2016
EGX awaits catalysts to break out of its sideways range, record 14,100 points
Current share prices offer ideal opportunity for long-term investor, says Naeem Brokerage
Iron hits EGX trading last week amid increasing transactions
EGX expected to continue fluctuating in coming sessions
EGX seeks to register 79 companies
Average capital of target companies is EGP 700m
EGX issues standards of securities qualifying for short selling
Brokering companies should now prepare themselves to meet requirements, says EGX chief
CBE considers amending primary dealers system to encourage secondary debt market
Proposals include activating bonds market maker, allocating share of dealers to secondary trade, share for brokering companies
Nasr asserts EGX role in helping companies grow
Egypt receives AFE secretariat for this year
Egypt shares to move sideways in short-term ahead of Ramadan amid weak liquidity
EGX30 index has short-term resistance at 15,262-15,320 points
Egypt shares to see profit-taking in short term awaiting 1Q19 earning season
Benchmark EGX30 index has resistance at 14,810, 14,930 points
EGX to move sideways in mid-term as it awaits fresh catalysts
Benchmark EGX30 index may retest 15,320 points if it breaks resistance at 15,000
Egypt shares to extend rally as investors expected to capitalize on cheap valuations
EGX30 to move between 15000pts and 15500pts in a heavy trade amid fresh liquidity
EGX lists Orascom Development Egypt on EGX30 index
The Egyptian Exchange (EGX) listed Orascom Development Egypt (ODE), a subsidiary of Orascom Development Holding, on the EGX 30 index on Monday, as the company met the trading standards of the index, which includes the country’s top 30 listed companies. The move follows the success of ODE in 2018, as it was one of the …