Latest in Stock Market Highlight

Latest in Stock Market

Mubasher offers consulting for 3 deals worth EGP 150m

Mubasher Advisory for Securities is offering a package of financial consulting services to a number of companies, said board member Ehab Rashad. The companies, he explained, aim to register on the Egyptian Exchange (EGX), Nile Stock Exchange, or implementing expansions. Rashad noted that the first deal, to which Mubasher is advising, includes three deals for …

Mohamed Ahmed

EGX30 targets 13,100 points this week

Technical analysts predicted that the Egyptian Exchange (EGX) will continue to take advantage of the falling price of the pound, and aims to achieve a new record level near 13,050-13,100 points in this week’s trading after the New Year’s celebrations and Christmas holidays. The EGX30 closed at a new level of 12,824.3 points, with weekly …

Mohamed Ahmed

IPP to re-offer 10% of its shares in December

The International Printing and Packaging Company (IPP) will reoffer 10% of its shares in the stock exchange in December, according to a statement by Mustafa Nagy, director of investor relations in the company. Nagy said the decision was taken after conditions on the stock exchange improved following the flotation of the Egyptian pound and a …

Mohamed Ahmed

On the Nile stock exchange, the Mediterranean Company and Pioneers Holding ranked joint highest in total amounts of stock traded. (AFP Photo)

EGX faces 2 different scenarios following record increase

The Egyptian Exchange (EGX) will have to counter with a different set of circumstances this week following its remarkable performance since the flotation of the Egyptian pound earlier this month. Technical analysts said that the slight decline recorded by the EGX in the final hour of Thursday’s session will result in two possible scenarios: the …

Mohamed Ahmed

Tesla shares flying on surprise profit

Tesla shares have gained more than seven percent after the electric-car and battery maker reported its first quarterly profit in three years and said it was on track to meet its delivery targets for the year.

Deutsche Welle

EGX30 expected to move sideways to 8,000-8,500 points: analysts

Technical analysts predicted that the benchmark index EGX30 at the Egyptian Exchange (EGX) would move sideways, between 8,000 and 8,500 points, after it failed to maintain stability above the resistance level of 8,500 points during last week. EGX30 fell by 2.86% last week to close at 8,277.2 points at the end of the week, compared …

Mohamed Ahmed

EGX30 expected to test resistance level of 8,500 points

Predictions by technical analysts and executives of brokerage firms that the Egyptian Exchange (EGX) would continue its rising trend found proof during this week’s trading with support from purchases from foreign investors. They also expect that the EGX30 might test the resistance level of 8,500 points. The director of the technical analysis division of Osool Securities Brokerage, …

Mohamed Ahmed