Latest in Stock Market Highlight
Latest in Stock Market
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
FAB scores highest growth in assets by 258.9%
Collective growth of assets classes, excluding capital protection and guarantee, while money market, Islamic funds top the list
ValU contracted with an insurance company to install the value of car insurance
Accordingly, we like companies that operate towards the lower end of the cash cost curve such as Arabian Cement Company (ARCC), cash rich companies such as Misr Beni Suef Cement (MBSC) and Suez Cement (SUCE) should the company succeed in unlocking the value of non-core assets
Decline in return on investment revives EGX investments in tandem with IPO activity
Experts forecasts further cut before end-2019, debt instruments remain attractive
The Minister of Public Enterprises Sector, Hisham Tawfek, said his ministry has 119 subsidiaries under the law No. 203, in addition to 107 other companies under the same law but affiliated to other ministries.
Large private company to be offered on EGX by November
Naeem expects cooling down of sales in Celia during 2019
Prices of the company’s products to increase by EGP 1 after the approval of new tax, says Fouad
HHD opens door for real estate developers to compete for managing company’s portfolio of assets
Prime Holdings announce Sally Soliman as Head of Marketing and Corporate Communications for the group.
IPO to close tomorrow, trading begins on Thursday
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals