Latest in Tag: EGX Highlight
Latest in Tag: EGX
EGX to see bullish signal when breaching above 10,710 points with relatively high volumes: Expert
EGX30 closed at 10,536.39 points, recording increase of 0.18% last week
Recent offerings revive hopes of EGX dealers of recovery
EGX30 likely to move sideways between 10,400 and 11,000 points in coming sessions: Agina
Redcon mulls listing 30% stake on EGX with appropriate market conditions
Tarek El-Gammal, Chairperson of Redcon Development, revealed that the company is preparing to offer the company on the Egyptian Exchange during the coming period to finance its future expansions, provided that the final timing of the offering will be determined according to an assessment of market conditions, especially with the expected repercussions of the fourth …
EGX proposes rules for listing special purpose acquisition companies
Amendments also would ease process of listed companies acquiring non-listed entities
EGX continues trading above support level, increasing chance of resuming upward move
The benchmark index in the Egyptian Exchange (EGX30) has closed at 11,056.27 points, recording a decline of 2.17% for the week. The index was still above its support level of 10,900 points, and it managed to form a higher low pattern. Meanwhile, the bullish scenario suggests that EGX30 will rise to the resistance level of …
238 companies are currently listed on EGX, with total market cap of EGP 731bn: Chairperson
EGX currently has treasury, housing, companies, and securitization bonds worth EGP 2trn
EGX addresses capital market’s growth opportunities with stakeholders
Payna aims to increase business through EGX: Mounir
Mubasher Capital targets EGX listing within 3 years: Vice Chairperson
Company intends to invest EGP 350m in new products, expansions through five-year plan
EGX extends deadline for listed SMEs to contract registered sponsor until 31 August
Sponsor will assist SME market listed companies to develop their investor relations
Temporary corrective decline limits EGX rise this week
EGX30 decreased by 0.7% last week, closing at 10,808 points
EGX targets new resistance level of 11.200 points this week
Market capitalisation reaches EGP 715.7bn last week
EGX to launch Tamayoz index methodology for SMEs market in days
Decision taken to oblige exporting companies to contract with registered sponsors for structuring process, develop investor relation capabilities
EGX further declines to close at 10,054 points, blue-chips see heavy sell-off
If market decline continues, EGX30 will be vulnerable for strong selling pressure where next support level will stand at 9,800 points
EGX to test potential rebound opportunity this week
Benchmark index EGX30 closed at 10,242.3 points, recording decline of 4.56%
Egypt’s United Media Services reveals board reshuffle, plansEGX debut by 2024
Egypt’s United Media Services (UMS) has revealed its new Board of Directors, with Hassan Abdallah appointed as the group’s Chairperson. The company’s board members include Ashraf Salman, Tamer Morsi, Mohamed Saadi, Amr El Fekky, and Mohamed Samir. The company also revealed its plan to launch a new regional news station using the latest technologies in the first quarter (Q1) of 2022, the company revealed …
EGX needs consistent buying power to sustain further advances
Bulls not able to maintain advances to 10.750 points resistance level, movement to consolidate expected to continue during current week
Profit-taking operations push EGX down at closing session
Investment funds and foreign and Egyptian institutions were net sellers, while Egyptians and Arab institutions followed selective buying.
EGX expects calm, test of previous 10,700 points resistance
Last week, EGX30 closed at 10,767.84 points, recording increase of 1.7%
IDH dual listing on EGX approved as trading expected from 20 May
Listing of EGP-denominated ordinary shares will position IDH as sole dual-listed Egyptian company on both EGX, London Stock Exchange
Integrated Diagnostics obtains EGX approval for dual listing
EFG Hermes, Renaissance Capital act as advisors to Integrated Diagnostics in double entry process
Recent market rebound leads EGX towards 10,700 points resistance level
Since beginning of year, Egyptians have represented 83.0% of value traded in listed stocks after excluding deals
EGX listing makes companies centre of foreign investor focus: Chairperson
EGX holds workshop to introduce companies to requirements of listing on stock market
Education services provider Taaleem begins trading on EGX
Taaleem has already raised EGP 2.1bn after wrapping up sale of 49% of its shares to institutional, retail investors
Pharos heads EGX league in March with transactions of EGP 26bn, 31% market share
The firm reported a market share of 31.4% of total transactions, with a turnover of EGP 26.06bn.
Subscription to Taleem’s IPO continues until 1 April
Taaleem is offering 17.9 million shares in retail portion of its IPO
EGX expects positive performance towards 10,800 point resistance level this week
Egyptian stock market witnesses high volatility over past two weeks
Edge Holding to begin EGX debut procedures in 2022: Chairperson
OIA New Capital is 80% completed, with delivery beginning in 2021
Egyptian Exchange slightly declines at beginning of Thursday trading
EGX30 scores 10,699 points during the first hours of Thursday trading
EGX experiences severe collapse, most stocks exceed maximum decline
Significant declines in Tuesday session attributed to ‘domino effect’, ‘marginal positions’, says Yasser El-Masry
Low purchasing power paves way for further EGX downturns this week
EGX30 close at 10,918.4 points, recording decline of 3.05% last week