Latest in Stock Market Highlight
Latest in Stock Market
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
Institutional offering of Egyptian e-payment network Fawry was 15.9x oversubscribed at EGP 6.46 per share (offer price), having generated about EGP 7.1bn ($431.0m), the offering manager EFG Hermes announced in a press statement on Thursday
The EGX welcomes all new financial products that can attract new segments of investors as long as they are consistent with the EGX rules and procedures.
Most of this liquidity will come from Fawry IPO which is expected to energise the Egyptian Exchange (EGX), increasing the chances of profit through the expected rise in stock prices.
Completion of Terminal 96 deepening project phase 1 by end of current year
Company to implement insurance brokerage requests electronically in 4Q19, revenues expected to reach EGP 869.4m by year-end
Current share prices offer ideal opportunity for long-term investor, says Naeem Brokerage
Company focuses on enhancing its market share in Africa
Hermes’ expected share in education fund investments in 2019 amounts to $40m: Moussa
EGX expected to continue fluctuating in coming sessions
The improvement in transaction volume in June came in conjunction with the end of the holy month of Ramadan.
Mubasher aims to expand in Upper Egypt, says Sadek
Veon declines GTH offer price to EGP 5.08m after new tax settlement
Buying selected stocks amid possibility of correcting index towards 13,900
Weak efficiency of EGX in creating market for exiting reduces chances of attracting direct investments, says Economic expert Hany Tawfik
US-China trade conflict is confusing investors
EGP appreciation poses itself risk, as most of revenue generated is priced in USD
Average capital of target companies is EGP 700m
Pharos expects main index to pass 13.800 points supported by decline in sales