Latest in Stock Market Highlight

Latest in Stock Market

European stocks steady after Moody’s action

AFP – Europe’s main stock markets were largely steady in early trade Tuesday as positive Chinese data helped to offset ratings agency Moody’s shock decision to lower its outlook on Germany, dealers said. London’s benchmark FTSE 100 edged up 0.03 percent to 5,535.87 points, Frankfurt’s DAX 30 fell 0.26 percent to 6,402.65 points and in …

Daily News Egypt

Stock market performance surpasses analysts’ Ramadan forecast

By Fatheya Al-Garhy The Egyptian Stock Exchange (EGX) closed after the first session of Ramadan with prices maintaining relative stability, the opposite of what most analysts expected. Observers predicted that the EGX’s indices would experience sharp declines in the value of trading with the start of the holy month. The shares of Orascom Telecom Media and …

Daily News Egypt

New rules governing NILEX mentoring companies

Mohamed Omran, Chairman of the Egyptian Stock Exchange, issued a decision for rules governing mentoring companies for small and medium sized enterprises (SMEs). The decision included rules for mentoring as well as measures to be taken in the case of violations. The first article of the decision obligated companies wishing to offer mentoring services to …

Daily News Egypt

Egyptian Mortgage Refinance Company nets EGP 4.5m during Q1 of 2012

By Mohamed Darwish The Egyptian Mortgage Refinance Company (EMRC) has performed operations worth LE 60 million in the first half of the current year, and has made a net profit of LE 4.5 million in the first quarter of 2012. Managing Director of EMRC, Iman Ismail, announced that the loan portfolio of the company reached …

Daily News Egypt

Market’s main index declines due to profit taking pressures

By Fathia El-Garhy Profit taking was the title of yesterday’s session. After seven consecutive sessions on the rise, the market’s main index encountered strong resistance at 5000 points area. The volume of trading fell in value to almost half in comparison to the sessions of the previous couple of weeks, which is a positive indicator …

Daily News Egypt

Asian markets higher on Wall Street, Europe lead

Hong Kong (AFP) — Asian markets mostly rose on Wednesday following a lead from Wall Street and Europe and amid rising hopes that central banks are poised to act to boost economic growth. But the euro weakened before a European Central Bank meeting Thursday as traders waited to see if the bank would back a …

Daily News Egypt

Egyptian stock exchange

Inflation slows in Egypt while deficit widens.

Egypt’s inflation slowed in April, despite overall food prices remaining high and the country’s deficit widening to $11.2 billion, as Egypt’s transition seemed to be prolonging its economic woes, the Automotive Marketing Council noted in a report released yesterday.

Moustafa Ayad

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