Latest in Stock Market Highlight
Latest in Stock Market
EGX drops by 5.5% following Brexit vote
The index registered a slight weekly retreat from 806.22 points to 805.87 points, a decrease of 0.04%
Dubai Financial Market increased by 1.81%, registering 3,367.6 points, with a weekly traded value amounting to AED 1bn
Technical analysts predict the market falling from 7,253.3 points to 6,800 points over Sunday and Monday
The company is to receive a new license within two months, after hiring a financial consulting director
Brokers have confirmed that the Egyptian Exchange’s recording purchases of Arabs and foreigners worth EGP 2.35bn since the beginning of 2016 does not reflect the real trend, as EGX has not recorded sold depositary receipts abroad as a way of exiting Egypt for foreigners
Payment solution firm extends relationship with ALEXBANK to improve customer service and convenience
The Brexit vote has not impacted the resolve of Deutsche Börse and the London Stock Exchange to push through their planned merger. They said the tie-up would be even more important now that Britain was leaving the EU.
Share markets around the world have gained on expectations that Britain would vote to stay in the EU. European stocks rose for the fifth day running on Thursday, while the British pound hit a 2016 high.
The fourth trading session of the week saw another decline of 1.04%, while the last session recorded a rise of 0.18%
The Saudi market fell slightly by 0.37% and closed at 6,543 points, recording an average daily trading value of 3.195bn Riyals
Analysts predicted that purchasing powers will be dominant during the trading session and push the EGX-30 index to reach 7,480 points amid weak trading volumes
Investment managers say companies are seeking foreign investments through GDRs in light of the US dollar shortage, while local investors hide behind foreign institutions to obtain revenue in US dollars instead of Egyptian pounds
China has shrugged off a decision by stock index firm MSCI to continue ignoring the country’s A shares in its influential global equities index, saying that the gauge cannot be complete without the Chinese stocks.
Stock markets in Europe have continued their fall as traders get increasingly worried about the potential effects of a possible UK exit from the EU. Germany’s blue-chip index hit its lowest closing level in months.
MSCI Emerging Market Index closed the past trading week registering a slight growth of 0.93%. Transactions closed at 823.82 points, compared 816.18 points at the end of the previous trading week. The index opened transactions this week at 0.87% and continued to rise during the following two sessions. But it pared gains over the last …
Qatar Stock Exchange rose by 3.19% and closed at 9,837 points, recording transactions of QR 911.153m.
Legal adviser for Beltone says acquisition of CI Capital failed due to the government’s intransigence
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
On Thursday, Beltone announced it was unable to reach an agreement with CIB to extend the deadline for the acquisition offer
This agreement will expand Beltone’s presence in the US, in addition to more than 120 international markets
Orascom Construction witnessed a growth of 296%
New disaster recovery building to be built in Fifth Settlement as part of plan, Omran says
The planned fusion of the Frankfurt and London stock exchanges has sparked concern within the metropolis on the Main. Will Frankfurt lose its status as an important trading center? Stefan Wolff reports.
The 40m shares are 25% of the company’s total capital listed on the EGX
Amwal Al-Khaleej is targeting new investments in healthcare, pharmaceutical sectors in Egypt
EFG Hermes was selected as the company’s financial adviser
Fears of stocks tumbling are making investors so desperate that they are willing to lose capital to protect their investments
The Yangon Stock Exchange officially opened for trading on Friday. Hopes are high that it will help transform Myanmar’s weak economy, once rife with corruption under its former military junta.