Latest in Stock Market Highlight
Latest in Stock Market
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
Accordingly, they expect Sunday’s trading session to witness the results of the CBE decision, which will affect the attractiveness of other investment tools for fixed-income instruments.
Analysts forecast EGX to break the 11,200 points barrier this week
Last week, market capitalisation reached EGP 616.8bn, down by 1.7%
EGX30 targets support level of 10,800 – 10,970 points this week
New system facilitates institution ability to deal with shares in Egypt’s SMEs
The EGX now faces a potential corrective dip before resuming its rise towards breaking a new resistance level, since it is difficult to breach successive resistance levels without correcting down.
Investors should focus on banking, non-banking financial sectors and chemical sectors: Abdel Hakim
EGX ends Sunday’s trading in green, market cap gains EGP 10.6bn
Moving above 10,600 points will help EGX breach resistance levels, says Okaz official
EGX trade sessions last week, also the final week of July, were limited to only four due to the run-up to the Eid Al-Adha holiday.
Investor sentiment remained pessimistic sending Tokyo stocks lower for a fourth straight day amid concerns about continued negative impact of the pandemic
Pharmaceutical, chemicals, food, communications sectors achieve profits, whilst industrial, real estate, tourism sectors incur losses
As of 9:15 a.m., Tokyo 225-issue Nikkei Stock Average lost 43.97 points, or 0.19 percent, from Tuesday to 22,840.25.
European stocks slip amid concerns of surge in COVID-19 cases
Industry sources told Daily News Egypt that companies, including Egyptalum, continue to push hard for a further lowering of electricity prices from the current $0.06/kwh or EGP 1.0/kwh, to $0.04/kwh.
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
Analysts recommend trading selected stocks
The benchmark index EGX30 closed at 11,108 points, while the EGX70 EWI rose 3.09% to 1,259 points, and the EGX100 EWI rose 3.31% to 2,028 points.
Trading sessions in main market will be from 10:00 to 14:30
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
New index follows new methodology to better reflect performance of companies, says Mohamed Farid
US stocks index Dow Jones Industrial Average jumped 2.21%. S&P 500 rose 2.66%, Nasdaq Composite Index rallied 3.57%
New board follows resignation of all previous members earlier in April
The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.
Expectations to test 11,000 points over weekend
several companies want to issue sukuk in 2020, including real estate investment, services, agricultural reclamation
Benchmark index to target 11,000 points on medium-term, says pundit
Market expected to test support levels between 8500-9000 points, says MEDAF