Latest in Stock Market Highlight
Latest in Stock Market
Egypt’s stock market tests resistance level at 11,500 points during high trading
Market capitalisation increases by about EGP 9.3bn to EGP 660.2bn during last week
Pioneers Securities aims to open new branch in Fifth Settlement during H1 of 2021, says Managing Director
Blue-chip EGX30 index rose 1.22% to record 10867.76 points, while the small- and mid-cap EGX70 EWI advanced by 2.33% to end trading at 2131.17 points
Proposed merger deal values both entities almost equally
B Investments Holding has signed a contract to sell 20% of its stake in Total Egypt to Total France, for EGP 146.4m.
Benchmark EGX30 falls by 1.5%, to close at 10,683 points last week
The 225-issue Nikkei Stock Average gained 143.56 points, or 0.54 percent, from Wednesday to close the day at 26,668.35.
Egyptian Exchange was affected by global markets panic, traders should adopt wait-and-see approach until market stabilises: El-Maraghy
MM Group announced that it will contribute to increasing the capital of Ibtikar Holding Company for Financial Investments by EGP 150m
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
Slight selling pressure is projected at beginning of Sunday session
Expectations for sideways trend to continue between 11,200 and 11,500 points, with good opportunities to trade
Bitcoin trading is also important now more than ever, due to the rise of investment options and more people becoming financially aware.
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