Latest in Tag: The Egyptian Exchange Highlight
Latest in Tag: The Egyptian Exchange
Egypt shares to move sideways awaiting fresh stimulus ahead of imminent earning season
Benchmark EGX30 index went up 115.55 points to close at 13,482.99 points
Market awaits new index in March to stimulate trading, says bourseâs chairperson
Net foreign purchases rose to EGP 21.98bn during period from flotation to December 2018
Optimism rises for EGX in 2019 as sell-off streak could finally come to end
Implementation of IPO programme this year one of key market-boosting catalysts
Egypt shares to move up as investors likely to hunt for cheap valuations stocks
EGX30 benchmark index rose by 1.3% or 178.59 points, at 13,202.32 points level
EGX closes in red, loses EGP 29.3bn in market cap
Economy is able to deal with consequences of EM crisis negative effect, says Moeit
EGX aims to increase youth investors percentage, currently standing at 30-35%: EGX chairperson
The Egyptian Exchange (EGX) is targeting the younger generation to raise awareness, as currently, only 30-35% of them are investors. In order to increase this percentage, the EGX will introduce incremental savings approach to attract them an approach implemented in many capital markets for long-term investments, said Mohamed Farid, chairperson of the EGX. Farid statements …
EGX loses EGP 22bn Tuesday morning, closes with EGP 15.5bn losses
The Egyptian Exchange (EGX) plunged on Tuesday morning, losing around EGP 22bn in market capital, recording EGP 906bn in total. The losses were driven by random selling from foreign and Arab companies, as well as investment funds. However, the EGX closed after falling into the red zone, losing about EGP 15.5bn, and recording EGP 912.127bn. …
Egypt shares likely to extend sideways move as CBE keeps interest rates on hold
EGX30 lost 3.5% in a week, hovering around its lowest level in 9 months
EGX shoots for 14,000 points this week, supported by foreign buyers
The Egyptian Exchange (EGX) aims to continue climbing this week, through moving towards 14,000 points,driven by foreign purchases, which have previously helped the market go beyond the pivotal resistance at 13500 points. In the past week, foreign institutions continued to set up intensive financial positions in stocks. The EGX main index successfully exceeded 13,500 points …
Fundsâ assets lose EGP 22bn over past five years, despite number increasing by 17
Losses in 2016 amounted to EGP 27bn, due to CBE decisions scaling funds
EGX prepares to record a new historic jump this week
The market targets to score 13,900 points amid calls to buy leading stocks, says Al-Aâasar
EGX to elect new board of directors on 28 June
Chairpersons of Assiut Islamic Trading, and Cairo Investment and Real Estate Development run the election
The Egyptian Exchange approves Banque du Caire shares listing in EGX
The Egyptian Exchange (EGX) has announced their acceptance of Banque du Caireâs application to list its shares in the EGX with a capital of EGP 2.25bn, distributed over 562.5m shares with a nominal value of EGP 4 per share in a statement on Wednesday. Tarek Amer, governor of the Central Bank of Egypt (CBE) has …
Will the EGX achieve more record increases this week?
Experts said they cannot determine a specific vision for the EGX following its significant performance last week due to the decline of the Egyptian pound
EGX faces 2 different scenarios following record increase
The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursdayâs session will result in two possible scenarios: the …
IMF loan and proceeds of bonds pushes EGX to restore historic levels
Funding will push the EGX past the foreign exchange fluctuations to target 11,200 points this week, say investment managers
EGX continues heading north in 3rd session after pound flotation, recording highest rates since 2010
The Egyptian Exchange (EGX) closed on Monday on high rises in the third session following the flotation of the Egyptian pound. The main index EGX30 closed with a hike of 5.38%âthe highest rise since February 2010âregistering 9,852.7 points. The market saw trading valued at EGP 2.1bn, which is the highest since April 2010, with 688.9m …
EGX jumps by 6.1% during Sunday’s trading
The Egyptian Exchange (EGX) recorded the highest daily rise in trading in three years since 2013. The main index EGX30 recorded growth of 6.1% reaching 9,349 points, its record high since March 2015. The rise occurred on the back of the Central Bank of Egypt’s (CBE) decision to float the Egyptian pound on Thursday. The …
Foreigners continue to decrease capital market portfolios, EGP 626m in net sales for August
EGS surpasses other brokerage companies in the first nine months of 2016 with EGP 22bn in operations
EGX issues amendment to suspend companies failing to send financial statements on time
The amendment substitutes an old rule that prevented the EGX from suspending traded shares unless 15 days has passed since the specified period for sending financial statements for two consecutive fiscal years
EGXâs technological infrastructure development plan begins with establishment of first modern data centre
New disaster recovery building to be built in Fifth Settlement as part of plan, Omran says
Stronger dollar pushes foreign companies away from trading their shares in EGP on EGX
The EGX issued this new rule to allow companies to avoid the poor trading on the dollar due to the erosion of foreign currency reserves
EGX to cancel operations that result in âunjustifiedâ increases in Beltone sharesâ value as precautionary measure
The law provides the EGX chairman absolute power to cancel operations, which has sparked a furore among Beltone officials, says high-ranking EGX source
CIB-Beltone deal controls capital market
EGX-30 to range between 7,250 and 7,650 points
CIBâs decline to keep EGX-30 below 7,700: analyst
Benchmark index surged by 22.4% this past month
Horizontal trading at 7,100-7,150 points expected on EGX: analyst
The increase follows the Central Bank of Egypt’s (CBE) decision to devalue the pound by 14.5% against the dollar, after holding an exceptional dollar auction for $200m
EGX urges GAFI, Commercial Registry office to approve companies’ decisions promptly
Chairman of Egyptian Exchange expects Domty to be the first company to sell its shares during 2016
53% of EGX30 shares traded at lower than book value
EGX trading data reveals that 27% of the index shares fell below the nominal value, creating a promising opportunity for long-term investment
EGX-30 drops by 4%, market sheds EGP 8.13bn
This is the fifth consecutive drop for EGX-30
EGX agrees to extend Al Salam Groupâs listing period to May
Company seeks to obtain approvals from the Kuwaiti Capital Market Authority to convert shares