Latest in Highlight
Latest in
EGX targets 10,800 points resistance level, should 10,650 points barrier be surpassed
Market is currently witnessing fluctuation, particularly off back of anticipated results of yet-to-be-confirmed US presidential elections
EGX, GAFI agree to facilitate register of securities on stock market
Executive committee to be formed to activate cooperation, says EGX Chairperson Mohamed Farid
EGX loses over EGP 10bn due to panic selling in CIB shares
CIB price falls by 10%, but purchases by local portfolios and funds offset stock’s value loss to 6.9%
EGX expects good performance as CIB deposit certificates climb on LSE
Slight selling pressure is projected at beginning of Sunday session
FRA allows resumption of CIB shares trading on EGX
The FRA had requested suspension of CIB shares trading before the start of the Thursday session.
EGX falls over growing foreign sales fuelled by fears of second COVID-19 wave
Expectations for sideways trend to continue between 11,200 and 11,500 points, with good opportunities to trade
EGX expected to recover, break 11,420 points barrier
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.
High EGX trading expected this week after awaited factory energy price cut
EGX to target 11,600 points level by end of October, says Aman Securities’ Al-Aasar
EGX awaits IPOs of 3 e-payments companies in 2021
Fawry sees shares jump 300% within 12 months, encourages electronic payment companies to get listed
Traders expect improved EGX performance on back of interest rate cuts
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.
EGX to see sideways trend this week on lack of market catalysts
Analysts forecast EGX to break the 11,200 points barrier this week
EGX expected to test 11,200 point resistance level this week
Last week, market capitalisation reached EGP 616.8bn, down by 1.7%
EGX correction expected to dominate performance pending new stimuli
EGX30 targets support level of 10,800 – 10,970 points this week
EGX launches account aggregation system for Egypt’s SME market
New system facilitates institution ability to deal with shares in Egypt’s SMEs
EGX faces corrective dip before resuming rise
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.
Investment banks rule out new EGX offerings until 2020 end
It is difficult to offer Banque du Caire on stock market this year due to COVID-19 repercussions: Chairperson
Foreign purchases support EGX rally towards 11,800 points
Investors should focus on banking, non-banking financial sectors and chemical sectors: Abdel Hakim
EGX expected to breach 11,600 barrier supported by regained investor confidence
EGX ends Sunday’s trading in green, market cap gains EGP 10.6bn
Improved corporate business results, expected unchanged interests push EGX to consolidate
Moving above 10,600 points will help EGX breach resistance levels, says Okaz official
Stable EGX trading expected after holidays supported by stamp duty cut
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.
Parliament approves EGX transaction stamp duty decrease to 0.5 per thousand
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.
EGX ends Wednesday trading on mixed note as EGX30 resumes gains
European stocks slip amid concerns of surge in COVID-19 cases
EFG Hermes plays lead role in boosting EGX gains
Market capitalisation up by EGP 10.6bn, EGX30 up by 2.55%
EGX-listed companies contribute EGP 80m to FRA income
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
EGX moves upward for 3rd consecutive session supported by local purchases
EGX30 up 1%, market capitalisation gains EGP 5.9bn on Monday
EGX to resume trading next Sunday
Trading sessions in main market will be from 10:00 to 14:30
Bad timing for increasing stamp duty on EGX transactions amid low trading: Sigma Capital
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.
EGX declines 1.8% following parliamentary discussions on stamp tax rise
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%
EGX closes at highest level of 10,500 points buoyed by local purchases
EGX30 tests 10,800-11,000 points level in remaining sessions of Ramadan, says Lotfy
EGX launches new index EGX100 EWI to diversify market performance measurement
New index follows new methodology to better reflect performance of companies, says Mohamed Farid