Latest in Stock Market Highlight
Latest in Stock Market
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
US stocks plunge amid concerns over GameStop frenzy
US stocks tumbled on Friday as retail trading frenzy rattled investors. The Dow Jones Industrial Average plunged 2.03%, to 29,982.62, the first time the 30-stock gauge has closed below the 30,000 mark since December 14.
TAQA Arabia’s IPO may stretch beyond Q1 of 2022
Company planning to add 40 CNG stations this year as part of expansion
Egyptian Exchange aims to breach 12,000 points resistance this week
EGX30 closed at 11,654.58 points, an increase of 1.76% during last week
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
CI Capital’s Taaleem to conclude IPO in H1 of 2021
Taaleem reports EBITDA of over 50% in FY 2019/20
Mubasher’s Du platforms aim to attract expatriate investments in debt, stock markets
Du to be available via several electronic platforms with investments of EGP 360m
Optimism at Egyptian Exchange performance though experts recommend caution
Egypt’s stock market tests resistance level at 11,500 points during high trading
Egyptian Exchange expected to continue sideways-to-upward trend this week
Market capitalisation increases by about EGP 9.3bn to EGP 660.2bn during last week
Financial Group tops Egyptian brokerage ranking in 2020
Pioneers Securities aims to open new branch in Fifth Settlement during H1 of 2021, says Managing Director
EGX ends Wednesday in green, market cap rises EGP 8.3bn
Blue-chip EGX30 index rose 1.22% to record 10867.76 points, while the small- and mid-cap EGX70 EWI advanced by 2.33% to end trading at 2131.17 points
Cleopatra Hospital approves plan to acquire Alameda
Proposed merger deal values both entities almost equally
B Investments to sell 20% of its stake in Total Egypt for EGP 146.6m
B Investments Holding has signed a contract to sell 20% of its stake in Total Egypt to Total France, for EGP 146.4m.
Mutant coronavirus fears impose state of uncertainty in Egyptian Exchange
Benchmark EGX30 falls by 1.5%, to close at 10,683 points last week
Tokyo stocks close higher on hopes for post-Brexit deal, vaccine rollouts
The 225-issue Nikkei Stock Average gained 143.56 points, or 0.54 percent, from Wednesday to close the day at 26,668.35.
Egyptian Exchange turns red amid fears of new COVID-19 strain
Egyptian Exchange was affected by global markets panic, traders should adopt wait-and-see approach until market stabilises: El-Maraghy
MM Group intends to contribute 49.9% to Basata non-banking financial services
MM Group announced that it will contribute to increasing the capital of Ibtikar Holding Company for Financial Investments by EGP 150m
EGX targets 10,800 points resistance level, should 10,650 points barrier be surpassed
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
EGX loses over EGP 10bn due to panic selling in CIB shares
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
EGX expects good performance as CIB deposit certificates climb on LSE
Slight selling pressure is projected at beginning of Sunday session
EGX falls over growing foreign sales fuelled by fears of second COVID-19 wave
Expectations for sideways trend to continue between 11,200 and 11,500 points, with good opportunities to trade