Latest in Tag: trading Highlight
Latest in Tag: trading
FRA adopts new rules for settlement of corporate bonds registered in same trading session
New rules aim to eliminate interim financing costs for the period between trading and settlement: Farid
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EGX continues trading above support level, increasing chance of resuming upward move
The benchmark index in the Egyptian Exchange (EGX30) has closed at 11,056.27 points, recording a decline of 2.17% for the week. The index was still above its support level of 10,900 points, and it managed to form a higher low pattern. Meanwhile, the bullish scenario suggests that EGX30 will rise to the resistance level of …
FRA allows resumption of CIB shares trading on EGX
The FRA had requested suspension of CIB shares trading before the start of the Thursday session.
High EGX trading expected this week after awaited factory energy price cut
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
Stable EGX trading expected after holidays supported by stamp duty cut
EGX trade sessions last week, also the final week of July, were limited to only four due to the run-up to the Eid Al-Adha holiday.
EGX halts trading shortly on stocks of 21 companies after incurring 5% decline
The EGX management has suspended trading on the shares of 21 listed companies for 10 minutes in the last hour of Monday’s trading, as a result of incurring 5% decline.
Mubasher International Securities launches a new version of trading app
“These updates will increase the level of trading through the app by adding the latest technologies in the world,” said Ehab Rashad, vice-chairperson of Mubasher International Securities.
Pharos Holding announces new chaperone partner for trading in US
Pharos Holding for Financial Investments announced on Wednesday that, starting 15 March, their brokerage division, Pharos Securities Brokerage, will be operating with Exotix USA, Inc as its chaperone partner in meeting and trading with clients across the USA. Commenting on the announcement, Elwy Taymour, Pharos chairperson and co-CEO, said that the group is looking forward …
Alliance completes strategy of transforming Egypt into regional centre for energy-trading
Petroleum Ministry implements plan to expand the ports, establish petroleum storage and trading projects
US dollar squeezed by cautious Fed
The US currency has suffered painful losses in Asian trading while sovereign bonds gained strongly after the US Federal Reserve raised interest rates, but signaled no pick-up in the pace of tightening.Asian investors breathed a sigh of relief on Thursday as fears for faster US interest rate hikes diminished and political upheaval in Europe failed …
CPA, investors association discuss pricing commodities during trading phases
CPA calls for study for the final price
Technical analysts recommend buying as shares fall during opening sessions of week’s trading
The market is expected to benefit from a support level of 10,900 points and targets 11,550 points
EGX to break through resistance level of 8,500 points
Analysts and technical reports predict that stability on this level will make EGX move to 9,000 points this week
MSCI moves horizontally, approaches 870 points during week’s trading
The MSCI index has moved within a limited range during last week’s trading, increasing to 869.8 points from 867.84—a 0.23% increase. The performance of the index was moving horizontally during last week’s sessions after starting the week with increases, approaching 868 points during Monday’s session, then approaching 870 points during Tuesday’s session. MSCI managed to …
MSCI achieves strong 4.7% increase in past week’s trading
MSCI index registered a remarkable increase of 4.7%, rising from 828.84 points to 867.84 points in last week’s trading. MSCI index rose 2.16% during Monday’s session and then decreased to 0.87% in Tuesday’s session. MSCI registered an increase of 0.27% in Wednesday’s session, then 1.12% and 0.22% increases on Thursday and Friday sessions respectively.
EGX expected to range from 7,550 to 7,600 points during Sunday trading
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …
Nintendo shares soar on ‘Pokémon Go’ mania
Shares in Japanese gaming giant Nintendo have extended their week-long rally as investors ride the coattails of the Pokémon Go craze sweeping across the globe, with an estimated 65 million user already playing the game.
MSCI Index declines by 1%, despite weekend’s gains
At the beginning of this week, the index started at 838 points, amid a contrasting performance.
EGX expected to move between 7,050 and 7,300 points this week
EGX closed at 7,182.8 points on Monday, with a 2.88% increase.
EGX expects to move between 6,900 and 6,990 points during Sunday trading
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
Ocean Express enters grain trading, shipping at Daqahleya port
New project aims to trade up to 1m tonnes of grain by year’s end
Renaissance Capital reduces Edita’s target price to EGP 31.1 per share
Edita recorded net profits of EGP 148.2m in H1 of 2015
EGP 48.7bn traded on EGX in Q4 of FY 2014/2015
Egyptians control 80.94% of value traded during quarter, non-Arab foreign investors accounted for 13.17%, Arab investors captured 5.89%
Capital market sheds EGP 9.2bn
Trading day delayed for a minute to mourn lost Egyptian lives
Up to six companies to be listed on stock market: EGX chairman
Four companies have already listed in the market during 2014, with more to follow
Egypt’s Al Nouran sugar project secures Islamic financing
Reuters – Egypt’s Al Nouran sugar production facility, an EGP 2.5bn ($357m) project, could begin operations in 2016 after securing a Sharia-compliant financing package, the project sponsors said on Monday. Al Nouran is expected to refine more than 500,000 tonnes of sugar annually, potentially reducing the country’s reliance on imported sugar by up to 25%, …
AFDB approves $50m CIB risk participation agreement
Agreement aids in addressing critical market demand for trade finance in Africa, the bank says
Private equity firm Actis reduces stake in Egypt’s CIB
Reuters – Private equity firm Actis has reduced its holding in Commercial International Bank (CIB), Egypt’s biggest listed bank, to 6.5%, CIB said on Monday. CIB said Actis sold a 2.6% stake in the bank “in the open market to a group of international investors”. The shares were sold to Egyptian and other Arab institutions …
Egyptian Stock Exchange ratifies new strategy
Strategy involves modernising Egyptian market and overcoming current obstacles it faces