Latest in Highlight
Latest in
EGX develops ‘electronic trading support systems’ to ensure work continuity
60% of employees now working outside of office: EGX Chairperson
Outflow of foreign investments in EGX reaches $500m: CBE Governor
CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP 1.8trn
CBE starts EGX investment, raises hope of rebound
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.
Listed companies turn to share buybacks to compensate for EGX losses due to coronavirus
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.
Coronavirus fears erase EGX gains despite government stimulus
EGX30 down 2.76%, with turnover falling to EGP 762m
EGX celebrates Al Sisi-ordered investment but global stocks’ fall halves gains
CBE’s initiative should focus on absorbing sale shocks not pushing prices up, says Sabaa
Will EGX rally on NBE, Banque Misr EGP 3bn package continue, or will it be short-lived?
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Target Real Estate requests buying 114 million shares in Dice
Target Real Estate Investment and its owners own about 21.2% of the shares of Dice Ready Made Garments.
NBE, Banque Misr invest EGP 3bn in EGX
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Government decision regarding stock exchange taxes awaited by EGX
Global, local stock exchange losses, halting transactions will likely trigger panic selling
COVID19-caused economic recession fears cost EGX biggest decline since 2012
Postponing application of capital gains tax to stock transactions is more harmful than maintaining its current status: Saeed
Coronavirus fears dominate EGX performance
On the positive side, EGX30 Index witnessed a notable rise during Tuesday’s session, gaining (+1.97%) and closed at the session’s high of 11,199 points associated with above average volumes.
Two companies offered on EGX in 2020 as result of promotion activities: Mohamed Farid
In his speech, Farid revealed that two private sector companies were offered on EGX in 2020. Their offering came as a result of EGX’s changing methodology in receiving companies’ listing.
EGX continues downtrend due to COVID-19 fears, approaching pre-floatation levels
EGX30 drops 7.31% to close at 10,983.48 points
EGX continues losses as COVID-19 continues to spread
The EGX 30 index closed at 12,347.65 points, recording a decline of 5.08%. EGX70 EWI index posted a 3.01% loss, concluding the period at 1,172.87 points, while the S&P index declined by 3.35% and concluded the period at 1,765.15 points.
MTI to list e-payments arms, Ebtikar on EGX by end of 2020, 2021 respectively
Establishment of new auto finance company has been completed, its activity starts last month
MTI e-payments arms target EGX debut year-end
Investor Relations and Business Development Manager at MTI Ashraf El-Ghannam said MTI is establishing two consumer finance arms this year. One of the new companies is for auto finance and its establishment procedures have been completed, and it began operating last month.
EGX halts trading shortly on stocks of 21 companies after incurring 5% decline
The EGX management has suspended trading on the shares of 21 listed companies for 10 minutes in the last hour of Monday’s trading, as a result of incurring 5% decline.
COVID-19 infects EGX: stocks plunge to lowest level since 2008 financial crisis
The EGX decided to stop the trading session for half an hour on Sunday, and later resumed the trading as the EGX100 index dropped 5% to 1,243 points level
COVID-19 fears trigger EGX fall, driven by foreign sales
EGX30 capped declined by 5.8% and concluded at 14,756.81 points, while EGX100 declined by 3.93% and concluded the period at 1,311.08 points.
A quiet EGX week expected, despite major firms’ strong financial results
Head of technical analysis at Pharos Holding Mohamed Osman believes the benchmark EGX30 is still hovering on its previous low at the support level of 13,550 points, thus the consistency of trading above that level paves the way for a possible rebound.
EGX-listed companies shrug impact of Coronavirus on sales
Companies importing production inputs from China look for new suppliers
Market maker licence expected to be out this month
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
EGX expected to continue its positive performance towards 13.900 points
Possible deals of merging or acquisition of Vodafone Egypt, Cleopatra Hospitals increase appetite of investors
Vodafone’s possible acquisition deal reinforces EGX to test 15,000 points
Market capital up 1.5% reaching EGP 708.1bn
EGX launches new index EGX70 EWI on Sunday
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points. Each company listed on the EGX70 EWI gets the same relative weight, which is about 1.43% in the first days of the periodic review.
EGX expected to maintain sideways at 13,700-14,000 amid low liquidity
EGX30 to test 14,100 this week: MEDAF
EGX expected to test 14,500 points this week
Banking sector led EGX recovery last week: EAC chairperson
Positive outlook for EGX in 2020
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
EGX expected to recover after Xmas holidays: experts
Expectations of market cohesion at the end of the year despite the absence of influential forces: Elnemr