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IMF welcomes Egypt’s intention to sell shares of SOEs, military companies on EGX
Our discussions with Egypt focused on possible modalities of future engagement rather than on specific measures, says Lall
IMF spends $520bn annually to finance sustainability: EGX Chairperson
Country branding relates to culture, politics, sports of the people, says Salah Hassan
Leading shares expected to test resistance level at 15,000 points this week
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
HHD’s offering on EGX postponed to 2020 until settling management contract
ALCN, AFC listings expected to be deferred to 1Q 2020
Egypt’s first exchange market for industrial and agricultural commodities to launch within days
Company established in participation of the EGX, Ministry of Supply, set 5 conditions to accept goods traded
Real estate stocks take the spotlight, boosting EGX trading this week
Upward movements within a transverse range await more new catalysts
Lower inflation and interest rates herald green week on EGX
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
FRA moves to reduce fees on EGX transactions by 41%
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%.
Egypt’s IPF approves insurance coverage for listed firms on EGX
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
EGX rises 3.3%, supported by Egyptian and foreign purchases
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.
End of political tensions, interest cut boost EGX’s gains this week
Lower interest rates will encourage investment borrowing, says Abu Basha
HHD to offer 15% stake on EGX, 10% for strategic investor year-end: Tawfik
First cargo shipping from Sokhna Port to Uganda leaves on Tuesday
EGX starts to reverse losses, climbing 2.5% following 8-day drop
CIB hikes by 5% and Eastern Company by 4.7%
Recent political tensions bring January 2011 scenario to mind at EGX
MPC meeting will end the bleeding of the stock market, says HC
EGX30 plunges by 3.16% in morning trading
On Sunday, EGX indexes bled heavily amid intense selling by Egyptians leading to market losses of EGP 31.5bn
EGX indexes bleed due to “Friday disruptions” in Egypt
First time to suspend trading in the EGX 100 since 2016
EGX expected to recover during this week’s trading sessions
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.
EGX expected to continue positive move supported by lower inflation, more potential rate cuts
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.
EGX is studying ways to use financial technology in developing its services: Farid
Financial markets pioneered use of financial technology, are the basis of technological innovation
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
CBE interest rates cut to positively impact businesses, EGX, banks to readjust
Experts forecasts further cut before end-2019, debt instruments remain attractive
Banque du Caire to offer 30-40% stake on EGX by end-2019 or early 2020: Chairperson and CEO
Fayed statement came on the sidelines of the loan signing ceremony with real estate developer Inertia. He explained that the offering would be through a capital increase and the sale of a stake to a strategic investor, targeting around $300-400m.
EGX, Public Enterprises Sector Ministry sign deal to increase IR efficiency in 15 companies: Farid
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.
IPO of Fawry 30x oversubscribed in EGX
The offering included 36% stake, which represents 21% of its capital.
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Cautious optimism at EGX this week
Fawry’s IPO is likely to boost hopefulness in market, Eid holiday signals calm trading
EFG Hermes accounts for 33.5% of EGX transactions in July
EFG Hermes conducted EGP 8.2bn of transactions thanks to institutions deals
Egyptian Exchange discusses securities industry development
Bidding unit was market demand to increase turnover of small securities, says EGX chairperson
EGX considers listing mutual fund investing in government debt instruments
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.
EGX relies on Fawry IPO to recover, break out of sideways range
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.