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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
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.