Sarwa expands presence in non-banking financial sector
Company achieves 9% growth in H1 of 2020 to reach EGP 6.9bn in total financing portfolio
Fatma Salah
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Latest by Fatma Salah
Foreign purchases support EGX rally towards 11,800 points
Investors should focus on banking, non-banking financial sectors and chemical sectors: Abdel Hakim
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.
Pioneers Securities snaps brokerage ranking top spot in January with 11.7% market share
CIBC came in second place with 10.3%, FBG third with 10.1%
HHD achieves net profits of EGP 351m in 2H 2019
The company attributed the increase in its revenues and profits to the sale of a plot of land to Zahraa El Maadi Investment and Development for EGP 481m.
Vodafone’s possible acquisition deal reinforces EGX to test 15,000 points
Market capital up 1.5% reaching EGP 708.1bn
Al Ahly Capital’s total investment portfolio EGP 8bn; targets adding EGP 500m in 2020
Company’s investment portfolio for healthcare to reach $300m within 3 years
EGX expected to test 14,500 points this week
Banking sector led EGX recovery last week: EAC chairperson
AMIC aims to double investment portfolio within two years
Company plans to enter education, real estate, logistics sectors
EGX back in green zone amid expectations to test 14,000-14,200 pts this week
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
El Sewedy Electric’s subsidiary to develop EETC regional control centre for EGP 584m
The project’s contract was signed last Thursday, and Egypt Cable will start implementing the project within 20 months of receiving the down payment of the contract.
Positive outlook for EGX in 2020
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
CI Capital expects Egypt’s FDIs to reach $7.4bn in FY20
The CBE is speculated to pump 50% of the expected liquidity during 1Q2020, while it will maintain interest rates during the remainder of this year.