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60% of employees now working outside of office: EGX Chairperson
CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP 1.8trn
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.
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.
EGX30 down 2.76%, with turnover falling to EGP 762m
CBE’s initiative should focus on absorbing sale shocks not pushing prices up, says Sabaa
EGX30 down 17.7% last week despite Thursday’s session 5% increase
Target Real Estate Investment and its owners own about 21.2% of the shares of Dice Ready Made Garments.
Both banks to offer 1-year saving certificates with 15% yield on Sunday
Global, local stock exchange losses, halting transactions will likely trigger panic selling
Postponing application of capital gains tax to stock transactions is more harmful than maintaining its current status: Saeed
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.
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.
EGX30 drops 7.31% to close at 10,983.48 points
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.
Establishment of new auto finance company has been completed, its activity starts last month
Investor Relations and Business Development Manager at MTI Ashraf El-Ghannam said MTI is establishing two consumer finance arms this year. One of the new companies is for auto finance and its establishment procedures have been completed, and it began operating last month.
The EGX management has suspended trading on the shares of 21 listed companies for 10 minutes in the last hour of Monday’s trading, as a result of incurring 5% decline.
The EGX decided to stop the trading session for half an hour on Sunday, and later resumed the trading as the EGX100 index dropped 5% to 1,243 points level
EGX30 capped declined by 5.8% and concluded at 14,756.81 points, while EGX100 declined by 3.93% and concluded the period at 1,311.08 points.
Head of technical analysis at Pharos Holding Mohamed Osman believes the benchmark EGX30 is still hovering on its previous low at the support level of 13,550 points, thus the consistency of trading above that level paves the way for a possible rebound.
Companies importing production inputs from China look for new suppliers
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
Possible deals of merging or acquisition of Vodafone Egypt, Cleopatra Hospitals increase appetite of investors
Market capital up 1.5% reaching EGP 708.1bn
According to the EGX statement on Saturday, the new index divisor was calculated at 1,000 points. Each company listed on the EGX70 EWI gets the same relative weight, which is about 1.43% in the first days of the periodic review.
EGX30 to test 14,100 this week: MEDAF
Banking sector led EGX recovery last week: EAC chairperson
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
Expectations of market cohesion at the end of the year despite the absence of influential forces: Elnemr