Latest in Stock Market Highlight
Latest in Stock Market
EGX30 to test its strength by breaching 10,000 points level this week
EGX30 closed at 9,977.9 points last week, recording 0.76% decline
EGX to launch Tamayoz index methodology for SMEs market in days
Decision taken to oblige exporting companies to contract with registered sponsors for structuring process, develop investor relation capabilities
EGX further declines to close at 10,054 points, blue-chips see heavy sell-off
If market decline continues, EGX30 will be vulnerable for strong selling pressure where next support level will stand at 9,800 points
EGX to test potential rebound opportunity this week
Benchmark index EGX30 closed at 10,242.3 points, recording decline of 4.56%
EGX needs consistent buying power to sustain further advances
Bulls not able to maintain advances to 10.750 points resistance level, movement to consolidate expected to continue during current week
Profit-taking operations push EGX down at closing session
Investment funds and foreign and Egyptian institutions were net sellers, while Egyptians and Arab institutions followed selective buying.
Integrated Diagnostics obtains EGX approval for dual listing
EFG Hermes, Renaissance Capital act as advisors to Integrated Diagnostics in double entry process
Al-Abd Group aims to debut on NILEX in H1 2021
Company’s capital currently stands at about EGP 90m
Recent market rebound leads EGX towards 10,700 points resistance level
Since beginning of year, Egyptians have represented 83.0% of value traded in listed stocks after excluding deals
EGX listing makes companies centre of foreign investor focus: Chairperson
EGX holds workshop to introduce companies to requirements of listing on stock market
Education services provider Taaleem begins trading on EGX
Taaleem has already raised EGP 2.1bn after wrapping up sale of 49% of its shares to institutional, retail investors
Thursday is last day for retail offering of Taaleem
The final price for the offering has been set at EGP5.75/share, with TALM’s equity valued at EGP4.199bn. The private offering was 2.34x oversubscribed.
Macro Pharma prices its EGX debut at EGP 5.30-6.15/share
Subscription period for offering’s retail portion is expected to run from 8-14 April
Subscription to Taleem’s IPO continues until 1 April
Taaleem is offering 17.9 million shares in retail portion of its IPO
EGX expects positive performance towards 10,800 point resistance level this week
Egyptian stock market witnesses high volatility over past two weeks
Egyptian Exchange slightly declines at beginning of Thursday trading
EGX30 scores 10,699 points during the first hours of Thursday trading
EGX experiences severe collapse, most stocks exceed maximum decline
Significant declines in Tuesday session attributed to ‘domino effect’, ‘marginal positions’, says Yasser El-Masry
Low purchasing power paves way for further EGX downturns this week
EGX30 close at 10,918.4 points, recording decline of 3.05% last week
Egyptian U-21 youth to trade on EGX without guardian
Decision is subject to Financial Regulatory Authority’s approval
Weak purchasing powerthreatens Egyptian Exchange’s ability to rise
EGX30 closed at 11,261 points, recording 0.64% decline last week
EGX sees strong selling pressure for 5th session straight
Stocks account for 42.62% of total value traded on main market, remaining 57.38% captured by bonds over last week
Brokerage, asset management firms to be replaced by technological apps in 10 years
Mubasher Capital activates custodian services, gets close to acquiring company for investment funds
EGX to launch ‘Tamayoz’ index, new closing prices mechanism in 2021: Chairperson
Current trading rates indicate Egyptian stock market’s readiness to receive new IPOs, says Mohamed Farid
Financial regulator sets EGX trading limit at EGP 10,000 for U-21 youth
Authority prohibits margin trading, short selling for this age group
Adopting conservative attitude, selected stocks purchases are best investment policy
EGX30 closes at 11,380.55 points, recording decline of 1.44% last week
Ebtikar restructures to include only Masary, Bee for e-payment before EGX debut
Company plans to put Basata on EGX in 2022 after transferring non-banking services under its umbrella
Egyptian Exchange eyes breaking 11,675 points resistance level this week
EGX30 closed at 11,546.32 points, recording decline of 0.45% last week
Egyptian government continues support for far-reaching reform plans
Work underway to complete technological infrastructure and trading systems, whilst introducing new financial mechanisms, products, says Mohamed Farid
Juhayna CEO detained for questioning, company shares fall around 11%
Juhayna for Food Industries (JUFO) has announced that its CEO and Vice-Chairperson Seif El-Din Thabet has been detained for questioning relating to the charges and ongoing investigations against the company’s former Chairperson Safwan Ahmed Thabet.
Hermes tops brokerage rankings in January with EGP 5.2bn transactions
Mubasher Capital aims to reach investments of EGP 1bn under new platform, DU Invest, by 2021 end