Latest in Tag: EGX Highlight
Latest in Tag: EGX
Authority prohibits margin trading, short selling for this age group
Company plans to put Basata on EGX in 2022 after transferring non-banking services under its umbrella
EGX30 closed at 11,546.32 points, recording decline of 0.45% last week
Work underway to complete technological infrastructure and trading systems, whilst introducing new financial mechanisms, products, says Mohamed Farid
EGX30 closed at 11,654.58 points, an increase of 1.76% during last week
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
Egypt’s stock market tests resistance level at 11,500 points during high trading
Market capitalisation increases by about EGP 9.3bn to EGP 660.2bn during last week
Blue-chip EGX30 index rose 1.22% to record 10867.76 points, while the small- and mid-cap EGX70 EWI advanced by 2.33% to end trading at 2131.17 points
Benchmark EGX30 falls by 1.5%, to close at 10,683 points last week
Egyptian Exchange was affected by global markets panic, traders should adopt wait-and-see approach until market stabilises: El-Maraghy
The value and final percentage of the offering will be announced upon completion of the fair value study.
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
Executive committee to be formed to activate cooperation, says EGX Chairperson Mohamed Farid
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
Slight selling pressure is projected at beginning of Sunday session
The FRA had requested suspension of CIB shares trading before the start of the Thursday session.
Expectations for sideways trend to continue between 11,200 and 11,500 points, with good opportunities to trade
A clear breach above the latter area on a weekly basis would pave the way for a strong upward move, where the next resistance level will be at 11,800 points.
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
Accordingly, they expect Sunday’s trading session to witness the results of the CBE decision, which will affect the attractiveness of other investment tools for fixed-income instruments.
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