Latest in Stock Market Highlight
Latest in Stock Market
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.
Lower interest rates will encourage investment borrowing, says Abu Basha
CIB hikes by 5% and Eastern Company by 4.7%
MPC meeting will end the bleeding of the stock market, says HC
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
First time to suspend trading in the EGX 100 since 2016
The program also allows exporters to apply for industrial land through the new online land allocation portal.
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
Naeem raises target price on EFIC to EGP 13.4/share, upgrade its recommendation to Buy
NUCA, Palm Hills, Raya Holding closet to implementation
MERIS Ratings hired to rate Sukuk, promotional campaigns to launch soon, says Mohamed
The EGX30 index rose 1.2% during the last week’s trading to settle at 15,110 points, and while the EGX70 rose 0.6%, closing at 556 points.
New short Selling mechanism to be launched before end-November
Financial markets pioneered use of financial technology, are the basis of technological innovation
Hermes Securities Brokerage second with EGP 4.6bn, CIBC in third with EGP 4bn
Arab African International Securities targets EGP 7bn in managed assets by year-end