Latest in Stock Market Highlight
Latest in Stock Market
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
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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
EGX drops 1.76%, Dow and S&P 500 both decline 3.4%, France’s CAC 40 4.4%, UK’s FTSE 100 fell 3.8%
EGX 30 index closed at 9,912.98 points, recording an increase of 7.68%. EGX70 EWI index posted 14.15% gain concluding the session at 959.42 points, while the S&P index rose by 8.46% and concluded the session at 1,379.63 points.
These companies include Palm Hills Developments, Eastern Company, Orascom Development Holding, GB Auto, Egypt Kuwait Holding, Raya Holding for Financial Investment, Electro Cable Egypt, and Arab Moltaqa Investments Company.
EGX30 down 2.76%, with turnover falling to EGP 762m
CBE’s initiative should focus on absorbing sale shocks not pushing prices up, says Sabaa
EGX30 down 17.7% last week despite Thursday’s session 5% increase
EGX keeps dwindling despite tax incentives, interest rates slash
Global, local stock exchange losses, halting transactions will likely trigger panic selling
Postponing application of capital gains tax to stock transactions is more harmful than maintaining its current status: Saeed
On the positive side, EGX30 Index witnessed a notable rise during Tuesday’s session, gaining (+1.97%) and closed at the session’s high of 11,199 points associated with above average volumes.
There must be a strong representation of fixed income instruments within the union: El-Sawy
EGX30 drops 7.31% to close at 10,983.48 points
The EGX 30 index closed at 12,347.65 points, recording a decline of 5.08%. EGX70 EWI index posted a 3.01% loss, concluding the period at 1,172.87 points, while the S&P index declined by 3.35% and concluded the period at 1,765.15 points.
TAQA Arabia is 55.9% owned by Qalaa Holdings. It is expected to continue reporting strong profit growth via its energy distribution activities.
Establishment of new auto finance company has been completed, its activity starts last month