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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
EGX rebounds 2.54% as Egypt eases coronavirus restrictions
Gulf stocks gain, Saudi Arabia’s benchmark index closes at 2.4%, Dubai 1.9%
EGX rises 3.26% with market capitalisation up EGP 11.2bn
The market capitalisation rose by EGP 11.2bn to EGP 555.3bn after the turnover of EGP 1.5bn that included equity transactions worth EGP 500m.
EGX breaks 10,300 barrier amid selective buying opportunities
Expectations to test 11,000 points over weekend
EGX rebounds on Egyptian purchases, holds above 9,000 points
Benchmark index to target 11,000 points on medium-term, says pundit
Foreign exits from EGX topple government market-support incentives
Market expected to test support levels between 8500-9000 points, says MEDAF
Stock market bloodbath continues
EGX drops 1.76%, Dow and S&P 500 both decline 3.4%, France’s CAC 40 4.4%, UK’s FTSE 100 fell 3.8%
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.