Latest in Stock Market Highlight
Latest in Stock Market
Nintendo shares have taken a deep dive after the company warned the Pokemon Go mania would only have a limited impact on net profits. Investors had been hoping for a big leap forward in the months ahead.
The IPO programme will span 5 years and priority is given to successful companies, while losing companies will be restructured first, says NI Capital CEO
The MSCI index has moved within a limited range during last week’s trading, increasing to 869.8 points from 867.84—a 0.23% increase. The performance of the index was moving horizontally during last week’s sessions after starting the week with increases, approaching 868 points during Monday’s session, then approaching 870 points during Tuesday’s session. MSCI managed to …
Qatar’s stock exchange topped the Gulf markets last week with an increase of 4.66%, reaching a level of 10,428.67 points, recording an average daily trading value of 144.914m riyals. Dubai capital market came second with an increase of 3%, reaching the level of 3,471.9 points, recording an average daily trading value of 496.84m dirhams. Saudi …
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, leaning south, amid uncertainty of the Central Bank of Egypt’s (CBE) vision during the Sunday session. Last week, the EGX declined by 1.93% and closed at 7,437, after the CBE kept the value of the national currency unchanged for the second week …
MSCI index registered a remarkable increase of 4.7%, rising from 828.84 points to 867.84 points in last week’s trading. MSCI index rose 2.16% during Monday’s session and then decreased to 0.87% in Tuesday’s session. MSCI registered an increase of 0.27% in Wednesday’s session, then 1.12% and 0.22% increases on Thursday and Friday sessions respectively.
Saudi Arabia ranked third with an increase of 2.5% to 6661.65 points, and achieved an average daily trading value of SR 4.23bn.
Egypt Duty Free’s activity is influenced greatly by the movement of foreign currencies against the Egyptian pound, especially the US dollar and the euro as importing goods—such as electrical appliances, alcoholic beverages, and perfumes—is done in these currencies.
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …
Priced high to begin with, Line shares shot up even further in value in its first day of trading. The chat app’s emojis have made it a hit in Asia, and investors seem confident that it’s success will spread.
Shares in Japanese gaming giant Nintendo have extended their week-long rally as investors ride the coattails of the Pokémon Go craze sweeping across the globe, with an estimated 65 million user already playing the game.
Beltone consultant, Atef El-Sherif, said that the company’s action against the EGX came as a response to complaints received from investors about the repeated cancellation of the company’s stock transactions.
Japan’s Nikkei index has rebounded after a week of losses, bolstered by expectations of fresh government stimulus to kickstart anemic growth and following a landslide election victory of Prime Minister Shinzo Abe.
The transactions of Egyptians and Arabs were net buyers, while non-Arab foreign investors were net sellers.
At the beginning of this week, the index started at 838 points, amid a contrasting performance.
EGX closed at 7,182.8 points on Monday, with a 2.88% increase.
British pound has plummeted to new depths as uncertainty over the economic impact of the UK’s pro-Brexit vote keeps worrying markets. Stock in Asia plunged again amid fears of long-term instability.
Shareholders in the London Stock Exchange Group (LSEG) have voted overwhelmingly for a merger with Deusche Börse despite post-Brexit concerns voiced by German regulators about the new entity being domiciled in London.
Beltone said that ASEC contributed roughly 60% to Misr Cement’s revenues, which reached EGP 723.067m during Q1 of 2016.
The Commercial International Brokerage Company (CIBC) came in second place through executing operations worth EGP 15.164bn, obtaining a market share of 9.3%. CIBC executed deals worth EGP 1.776bn, obtaining 7.82% of the deals market.
The EGX closed on Thursday at 6,942.52 points, with a 0.15% increase.
EFSA receives 103 new complaints against financial supervisory agencies and solves 106 complaints over five months
London’s benchmark FTSE 100 stock index has erased all its post Brexit vote losses on a wave of bargain hunting activities. Energy and financial shares were among the biggest winners after slumping right after the vote.
In a huge blow to London, Germany has said the city could not host the headquarters of a planned European stock exchange giant after Britain’s exit from the EU. It could also not remain a center for trading in euros.
Japanese auto parts supplier Takata has seen its shares rise sharply as its chief executive has hinted at his resignation.
Aboul Naga will succeed Rania Al-Mashat, who will move to the International Monetary Fund
US bank shares have led a steep decline on Wall Street as aftershocks from Britain’s vote to leave the European Union have roiled global markets again. Traders were uncertain about London’s future as a finance capital.
European shares have continued their slide, after Britain’s decision to leave the EU shocked financial markets on Friday, sending the British pound to its lowest level in more than 30 years.
The British pound sank to 30-year lows while most stock markets in Asia tumbled following Britain’s decision to leave the European Union. Traders fear there will be months of uncertainty.
Cancellation of operations caused serious damage to the reputation of the company, with a negative impact on shareholders