Latest in Tag: Egyptian Exchange Highlight
Latest in Tag: Egyptian Exchange
Adopting conservative attitude, selected stocks purchases are best investment policy
EGX30 closes at 11,380.55 points, recording decline of 1.44% last week
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
Financial Group tops Egyptian brokerage ranking in 2020
Pioneers Securities aims to open new branch in Fifth Settlement during H1 of 2021, says Managing Director
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
Suez Cement, Tourah Portland announce voluntarily delisting from Egyptian Exchange
Suez Cement said, in a statement, that after the implementation of the deal, the stake of the bidder and its associated parties is expected to reach 154.2m shares, representing 84.8% of the company’s capital, and it is expected to increase to 91.3%.
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