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.
Latest by Fatma Salah
CIBC came in second place with 10.3%, FBG third with 10.1%
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.
Market capital up 1.5% reaching EGP 708.1bn
Company’s investment portfolio for healthcare to reach $300m within 3 years
Banking sector led EGX recovery last week: EAC chairperson
Company plans to enter education, real estate, logistics sectors
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
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.
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
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.