Latest in Tag: EGX Highlight
Latest in Tag: EGX
Financial regulator sets EGX trading limit at EGP 10,000 for U-21 youth
Authority prohibits margin trading, short selling for this age group
Ebtikar restructures to include only Masary, Bee for e-payment before EGX debut
Company plans to put Basata on EGX in 2022 after transferring non-banking services under its umbrella
Egyptian Exchange eyes breaking 11,675 points resistance level this week
EGX30 closed at 11,546.32 points, recording decline of 0.45% last week
Egyptian government continues support for far-reaching reform plans
Work underway to complete technological infrastructure and trading systems, whilst introducing new financial mechanisms, products, says Mohamed Farid
Egyptian Exchange aims to breach 12,000 points resistance this week
EGX30 closed at 11,654.58 points, an increase of 1.76% during last week
Timing in Egypt is right for IPOs: Financial Regulator
Total of 4 insurance companies have applied for property insurance licence, said FRA Vice-President
Optimism at Egyptian Exchange performance though experts recommend caution
Egypt’s stock market tests resistance level at 11,500 points during high trading
Egyptian Exchange expected to continue sideways-to-upward trend this week
Market capitalisation increases by about EGP 9.3bn to EGP 660.2bn during last week
EGX ends Wednesday in green, market cap rises EGP 8.3bn
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
Mutant coronavirus fears impose state of uncertainty in Egyptian Exchange
Benchmark EGX30 falls by 1.5%, to close at 10,683 points last week
Egyptian Exchange turns red amid fears of new COVID-19 strain
Egyptian Exchange was affected by global markets panic, traders should adopt wait-and-see approach until market stabilises: El-Maraghy
Ebtikar for e-payments to offer 25% stake on EGX by Q1 2021: Sources
The value and final percentage of the offering will be announced upon completion of the fair value study.
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 listedÂ
Traders expect improved EGX performance on back of interest rate cutsÂ
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.Â
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