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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
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
EGX-listed companies contribute EGP 80m to FRA income
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
Outflow of foreign investments in EGX reaches $500m: CBE Governor
CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP 1.8trn
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
A quiet EGX week expected, despite major firms’ strong financial results
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.
Market maker licence expected to be out this month
Beltone, Hermes, Shuaa, Arqaam are top nominees to begin
EGX expected to continue its positive performance towards 13.900 points
Possible deals of merging or acquisition of Vodafone Egypt, Cleopatra Hospitals increase appetite of investors
Vodafone’s possible acquisition deal reinforces EGX to test 15,000 points
Market capital up 1.5% reaching EGP 708.1bn
EGX expected to test 14,500 points this week
Banking sector led EGX recovery last week: EAC chairperson
EGX back in green zone amid expectations to test 14,000-14,200 pts this week
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
Positive outlook for EGX in 2020
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
Three state-owned companies are ready for EGX stake offering
Egypt will offer 22% to 25% of the shares in HHD in 1Q 2020, says Hesham Tawfik
Leading shares expected to test resistance level at 15,000 points this week
Ahmed Fahim, head of technical analysis at Al-Shorouk Brokerage Company, said that the main index will continue its bullish move to target the new resistance level at 14650 points this week, which, if penetrated, the index will target 15000 points
Lower inflation and interest rates herald green week on EGX
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
End of political tensions, interest cut boost EGX’s gains this week
Lower interest rates will encourage investment borrowing, says Abu Basha
EGX expected to recover during this week’s trading sessions
The significance of the support level of 14,800 lies in the fact that it represents the previous two weeks’ low, and the neckline of a bearish short-term pattern. “Therefore, we will adopt a conservative viewpoint as long as the indices keep trading below the aforementioned level until the market proves the opposite,” Othman said.
EGX is studying ways to use financial technology in developing its services: Farid
Financial markets pioneered use of financial technology, are the basis of technological innovation
EGX attractiveness wins after new interest rate cut
Decline in return on investment revives EGX investments in tandem with IPO activity
IPO of Fawry 30x oversubscribed in EGX
The offering included 36% stake, which represents 21% of its capital.
Fawry’s private placement, IPO oversubscribed for 16, 1.8 times, respectively
IPO to close tomorrow, trading begins on Thursday
Egyptian Exchange discusses securities industry development
Bidding unit was market demand to increase turnover of small securities, says EGX chairperson
EGX considers listing mutual fund investing in government debt instruments
The EGX welcomes all new financial products that can attract new segments of investors as long as they are consistent with the EGX rules and procedures.
Fawry getting ready for EGX offering: CEO
Technological culture strongly prevalent in Egypt, allows building strong digital financial system
EGX posted biggest weekly drop since December, expectations of further decline this week
The main index EGX30 fell by 5.5% last week to 14,035 points, in its largest weekly decline since December.
EGX to unify registration rules, circulation, disclosure in countries of Union of Arab stock exchanges
We will promote use of financial technology in Arab stock exchanges to counter informal markets: Farid
Female investors in EGX increase by 30%
Women’s unemployment rate decreased from 24% in 2014 to 19.6% in Q1 of 2019, says Morsi
CIB profits reach EGP 2.64bn in Q1 of 2019
Total bank assets increase to EGP 351.68bn until end-March
Egypt shares to move sideways awaiting fresh stimulus ahead of Q1 results
Benchmark EGX30 index has resistance at 13,580 and 13,622 points