Latest in Stock Market Highlight
Latest in Stock Market
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.
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.