Arqaam ranks first in October with EGP 4bn trading value
Hermes comes in second place with transactions of EGP 3.5bn, and Financial Brokerage Group is third
Alyaa Stohy
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Latest by Alyaa Stohy
Leading shares expected to test resistance level at 15,000 points this week
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Rameda targets stock market debut in 4Q 2019
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Fears of traffic stagnation push authorities to temporarily suspend Porto Heliopolis
Amer Group has submitted the requested traffic study on the project to the competent authority, and is awaiting for its review to complete the project which is expected to be delivered within five years.
HHD extends deadline for receiving pre-qualification applications for its management
The deadline extended until the practice prospectus is prepared in December
Juhayna achieves EGP 2bn sales, 6% revenue growth in 3Q19
Company’s muted sales growth reflected the overall pressure witnessed in F&B sector, says Pharos
Pioneers Holding to launch Al Nour Pharma, eyes acquiring pharmaceutical manufacturer
EGP 1bn allocated for new company’s expansion, says El-Tayeb
MHOT invests EGP 140m for development of Safir Dahab, expecting 33% occupancy 2H 2019/20
The company initiates arbitration proceedings against Genting Casinos for VAT due
HHD’s offering on EGX postponed to 2020 until settling management contract
ALCN, AFC listings expected to be deferred to 1Q 2020
Inflation deceleration, EGP/USD appreciation, push F&B sector to benefit: Pharos Research
Despite improving macro conditions and consumer spending behaviour, Pharos expects muted growth in Juhayna, Domty and Obour Land companies’ core product offerings caused by existing market maturity in their respective segments.
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
Real estate stocks take the spotlight, boosting EGX trading this week
Upward movements within a transverse range await more new catalysts
The IPO of ALCN postponed to 2020 because of weak liquidity
18% decline in the company’s revenue in Q1FY20 as a result of lower number of containers dropping by 18%
EGAL decides to sell its shares in Egypt Andode
Company considers sales of EGP 171m of its investments in Egyptian Iron & Steel
MEDAF Investment acquires Guardian for portfolio and funds management
The company is in negotiations to manage investment funds with new ideas, announcing its first product next month: chairperson
Commodity Trends and Egypt Equity Correlations 3Q19
Mixed bag for consumer stocks but weak for oil, fertilisers, and chemical producers
EFG Hermes successfully concludes advisory on GBP 288m IPO of Helios Towers on the London Stock Exchange
Helios Towers is EFG Hermes’s fifth IPO on the London Stock
Jaz Hotel signs two management agreements with Sharm Dream, Al Fayourz
Sharm Dreams Hotel to generate EGP 2bn of revenues, Al Fayourz resorts to output EGP 1.5bn
Pharos expects inflation should end 2019 with an average of 8.9% YoY
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Lower inflation and interest rates herald green week on EGX
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
Emaar, BPE Partners, and SODIC shows interest in managing HHD
The company has seen great interest from real estate developers, and the prospectus to be issued in December, says El-Deeb
Egypt’s IPF approves insurance coverage for listed firms on EGX
Omran said the IPF will provide insurance coverage of the actual financial loss of member clients in the companies operating in the field of securities and financial instruments against non-commercial risks
Ezz Steel, EZDK among top beneficiaries from gas price decline
EGAL saves about EGP 31m in production costs following gas price fall
ERC is planning to launch real estate development projects in 4Q 2019
Company estimates that Bay Village and Bay Condos will be completely delivered by 2023
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.
Qalaa Holding records 8% y-o-y climb in revenues to EGP 3.49bn
Qalaa Holdings is a company that works in energy, cement, agrifoods, transportation and logistics, mining, and printing and packaging.
Domty signs two loans of EGP 100m, EGP 40m from CIB
The production capacity of the new line will be 270,000 pieces a day. Scheduled to start operation in February 2020, the new line will be Domty’s third bakery production line.
End of political tensions, interest cut boost EGX’s gains this week
Lower interest rates will encourage investment borrowing, says Abu Basha
Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC
Heliopolis Company for Housing & Development prepares short list of qualified investors to handle company management
Sending invitations to developers interested in management this week, prospectus to be offered in October, says El-Deeb