Latest in Stock Market Highlight
Latest in Stock Market
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
The EGX decided to stop the trading session for half an hour on Sunday, and later resumed the trading as the EGX100 index dropped 5% to 1,243 points level
Offering shall be completed before end of 1H2020
EGP appreciation, Urea prices hold it back
Financing business bottom line hits all-time high
Efficient players report better margins on favourable cost structure
EGX30 capped declined by 5.8% and concluded at 14,756.81 points, while EGX100 declined by 3.93% and concluded the period at 1,311.08 points.
Company to choose winner bid in April, taking 30-45 days to assess offers, says chairperson
Head of technical analysis at Pharos Holding Mohamed Osman believes the benchmark EGX30 is still hovering on its previous low at the support level of 13,550 points, thus the consistency of trading above that level paves the way for a possible rebound.
Companies importing production inputs from China look for new suppliers
Total revenues reached EGP2.6bn growing 39.2% YoY
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
CCAP, SKPC, and AMOC represent substantial upsides, but, with significant event-based risks
Talaat Moustafa Group (TMG) has announced Amr El Kady has joined the group as deputy to Hisham Talaat Mostafa, CEO and Managing Director of the group.
CIBC came in second place with 10.3%, FBG third with 10.1%
The company attributed the increase in its revenues and profits to the sale of a plot of land to Zahraa El Maadi Investment and Development for EGP 481m.