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Analysts forecast EGX to break the 11,200 points barrier this week
Last week, market capitalisation reached EGP 616.8bn, down by 1.7%
EGX30 targets support level of 10,800 – 10,970 points this week
New system facilitates institution ability to deal with shares in Egypt’s SMEs
The EGX now faces a potential corrective dip before resuming its rise towards breaking a new resistance level, since it is difficult to breach successive resistance levels without correcting down.
It is difficult to offer Banque du Caire on stock market this year due to COVID-19 repercussions: Chairperson
Investors should focus on banking, non-banking financial sectors and chemical sectors: Abdel Hakim
EGX ends Sunday’s trading in green, market cap gains EGP 10.6bn
Moving above 10,600 points will help EGX breach resistance levels, says Okaz official
EGX trade sessions last week, also the final week of July, were limited to only four due to the run-up to the Eid Al-Adha holiday.
The amendments will see the stamp duty on the Egyptian Exchange (EGX) transactions for residents reduced to 0.5 per thousand on listed and non-listed securities. The tax will be 1.25 per thousand on stock market transactions for non-residents. There will be a full tax exemption on day trading.
European stocks slip amid concerns of surge in COVID-19 cases
Market capitalisation up by EGP 10.6bn, EGX30 up by 2.55%
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
Trading sessions in main market will be from 10:00 to 14:30
The Parliament’s planning and budget committee raised on Wednesday the stamp duty on stock market dealings as part of a draft law submitted by the government and scheduled for discussion in a plenary session next Sunday.
Blue-chip index, the EGX 30, closed at the end of Wednesday’s session at 10,396 points, while the EGX70 EWI index decreased by 2.18%
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
New index follows new methodology to better reflect performance of companies, says Mohamed Farid
Gulf stocks gain, Saudi Arabia’s benchmark index closes at 2.4%, Dubai 1.9%
The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.
Expectations to test 11,000 points over weekend
Benchmark index to target 11,000 points on medium-term, says pundit
Market expected to test support levels between 8500-9000 points, says MEDAF
EGX drops 1.76%, Dow and S&P 500 both decline 3.4%, France’s CAC 40 4.4%, UK’s FTSE 100 fell 3.8%
60% of employees now working outside of office: EGX Chairperson
CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP 1.8trn
EGX 30 index closed at 9,912.98 points, recording an increase of 7.68%. EGX70 EWI index posted 14.15% gain concluding the session at 959.42 points, while the S&P index rose by 8.46% and concluded the session at 1,379.63 points.
These companies include Palm Hills Developments, Eastern Company, Orascom Development Holding, GB Auto, Egypt Kuwait Holding, Raya Holding for Financial Investment, Electro Cable Egypt, and Arab Moltaqa Investments Company.