Latest in Stock Market Highlight
Latest in Stock Market
Shares in the Arabian Food Industries Company’s (Domty) initial public offering (IPO) were oversubscribed by 10.718 times at the closing of the IPO on Thursday. Thursday marked the final day of the IPO, which was held on the Egyptian Exchange for approximately 12.250m shares. A total of 2,430 subscribers were registered for approximately 131.306m shares. …
Deutsche Börse and the London Stock Exchange (LSE) have reached agreement on the terms of their merger. The new company will maintain headquarters in Frankfurt and London.
The increase follows the Central Bank of Egypt’s (CBE) decision to devalue the pound by 14.5% against the dollar, after holding an exceptional dollar auction for $200m
EGX-30 projected to range between 6,800 points and 7,000 points
The slightest increase in the Gulf’s stock markets was recorded in the Muscat Securities Market (MSM), which inched up by 0.3% during the past week
Investors still wait for positive news to return to their purchasing behaviour
Arabian Food Industries Company Domty announced today the offering of up to 122,500,000 existing ordinary shares representing 49% of the company’s outstanding share capital listed on the Egyptian Exchange (EGX) currently owned by the selling shareholders.
Total value of traded securities recorded EGP 2.8bn, an official report issued by the EGX read
Orascom Telecom Media and Technology Holding (OTMT) announced today that its management has agreed to nominate Beltone Financial Holding to purchase 100% of CI Capital.
Benchmark index expected to range between 5,300 and 5,900 points, analysts say
Qatar dropped by 2.04%
The acquisition of CI Capital by OTMT will reflect positively on the market
Political, economic turmoil in last five years caused low turnout on NILEX
Small investors’ portfolios lost an average of 70% of their value, prompting investors to look for safe investment alternatives
Despite holding major conferences to market the role of the EGX in raising capital, its Chairman Mohamed Omran has not been approached by new companies since the beginning of the year, neither state owned nor private
Foreign investors’ transactions registered net sales of EGP 548.85m
Chairman of the Egyptian Exchange (EGX) Mohamed Omran said the government’s and the Central Banks of Egypt’s (CBE) decision to increase capital of two banks through the stock exchange is considered one of the most important economic decisions made in Egypt during the recent years. The statement was part of Omran’s speech in the opening session of …
The sale is at a combined equity value for 100% of both MGM and UGC of EGP 828m
Asian markets mostly fell at the end of the trading session on Tuesday. China’s benchmark has stabilized a day after plunging nearly 7 percent.
Germany’s blue-chip stocks index, the DAX-30, has completed a fourth year of a rising trend as 2015 comes to a close. An index of European blue chips also rose, albeit by only half as much.
FEP, which is owned by Egyptian and Gulf investors, has great confidence in the Egyptian economy and the performance of the Egyptian Stock Exchange (EGX) in the upcoming period, Al-Shahin said in a statement to MENA.
Negotiations are in advanced phases, deal worth around EGP 1bn through Beltone Financial
Stock market achieved EGP 643.63m during the trading of 315.94m shares
India’s leading airline is celebrating a ‘blockbuster takeoff’ as shares surged high above their listing price. The IPO is aimed at solidifying IndiGo’s grip on one of the world’s fastest growing aviation markets. IndiGo got off to a flying start as India’s largest carrier made its market debut on Tuesday, with shares in its parent …
Market gains of EGP 3.6bn at the end of Thursday’s trading session
Japan Post, a massive formerly state-owned conglomerate, went public on the Tokyo Stock Exchange Wednesday, raising $11.5 billion in an initial public offering that was this year’s biggest. After the opening bell in Tokyo, investors scrambled to snatch up shares in the three companies affiliated with Japan Post, including the group’s holding, insurance and banking …
US computer game company Activision Blizzard has said it’s acquiring the UK’s King Digital Entertainment, the company behind Candy Crush. It means the coming together of two different business models. Activision reported Tuesday it was buying the Candy Crush maker in a deal valued at $5.9 billion (5.4 billion euros). The US computer game company …
After the US-Italian car giant brought a 10-percent stake of the legendary racing car brand to Wall Street last week, it has now announced gross proceeds of close to a billion dollars from the share issue. After closing the book on the Ferrari initial public offering (IPO) on Monday, Fiat-Chrysler Automobiles (FCA) said the sale …
Charges against Michael Steinberg, a former fund manager at SAC Capital Advisors, have been dropped. The move follows a landmark appeals court decision. Prosecutions on insider-trading charges in the US have become more difficult following a landmark appeals court decision. A federal prosecutor in Manhattan, Preet Bharara, (photo) said on Thursday he would move to …
US investment banking heavyweight Morgan Stanley has seen its third-quarter profits dropping steeply. The lender attributed the fall largely to poor bond trading operations, with major rivals not doing any better. New York-based investment bank Morgan Stanley on Monday reported a 42-percent drop in third-quarter net profit. The lender, which is also a major wealth …