Latest in Stock Market Highlight
Latest in Stock Market
Market capital up 1.5% reaching EGP 708.1bn
Company’s investment portfolio for healthcare to reach $300m within 3 years
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points.
EGX30 to test 14,100 this week: MEDAF
In a research article, Beltone expected the Central Bank of Egypt (CBE) to continue monetary easing through interest rate reductions by about 300 basis points in 2020. The article also predicts that the CBE will keep interest rates unchanged after the next Monetary Policy Committee (MPC) meeting scheduled for 16 January. This will be in …
2% expected growth in a number of AlexCont’s containers this fiscal year: Pharos
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
The authority has also excluded Safwat Abdel Moneim for not meeting the conditions required for running the election, as it was revealed that he currently works as a branch head of Mubasher Trade since May 2017. Mubasher is a shareholding company of MCDR.
The project’s contract was signed last Thursday, and Egypt Cable will start implementing the project within 20 months of receiving the down payment of the contract.
Company saw increase in rebar production by 1% to 2.55m tonnes until end of September 2019
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
The NTRA relies on its Service Quality Control Centre to prepare a monthly report on the quality of services for telecommunications companies, and the centre began issuing its first report several months ago.
The new levels mark the best annual performance since 2013 and yet may put in a return not seen since 1997 depending on trading on the final two days of the year next week.
Expectations of market cohesion at the end of the year despite the absence of influential forces: Elnemr
Company aims to increase local managed assets to EGP 10bn by the end of 2020
The CBE is speculated to pump 50% of the expected liquidity during 1Q2020, while it will maintain interest rates during the remainder of this year.
Expectations of continuing increase at 14,350-14,500 levels during this week: El Rawy
AFE reshaped its Board of Directors to 8 members
Rameda IPO disappoints and deepens the wounds of EGX, says Mohamed Kamal
Hermes comes in second place with transactions of EGP 3.5bn, and Financial Brokerage Group is third
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Company to use IPO to fund opportunistic acquisition of pharmaceutical companies
Naeem expects producer margins to have remained steady as cost savings from the decline in coal prices are estimated to have been offset
ALCN, AFC listings expected to be deferred to 1Q 2020
This will reduce trading service fees to 0.005% from 0.00625%, clearing and settlement fees to 0.0100% from 0.0125% and stock market commissions to 0.0100% from 0.0120%.
Naeem: the inflation reading adds further room to the CBE to continue on its path of monetary easing
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
The committee also recommended reducing the expenses of the Investor Protection Fund by 50% to 0.00005%, down from 0.0001%, and cut fees on trading on stocks listed on the EGX by 50%.
Omran said the IPF will provide insurance coverage of the actual financial loss of member clients in the companies operating in the field of securities and financial instruments against non-commercial risks
In a clear turn of events, the EGX decided to suspend trading on 71 shares for 10 minutes, but this time because of the proportion of their gains exceeded the 5% barrier, unlike last week, when trading was suspended due to losses.