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Last week, market capitalisation reached EGP 616.8bn, down by 1.7%
EGX30 targets support level of 10,800 – 10,970 points this week
Moving above 10,600 points will help EGX breach resistance levels, says Okaz official
Contribution from insurance companies amounts to EGP 255m, or 41.2%, of total FRA income
CBE has EGP 1trn of excess liquidity, deferred loan installments recorded EGP 1.8trn
CBE’s initiative should focus on absorbing sale shocks not pushing prices up, says Sabaa
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.
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
Banking sector led EGX recovery last week: EAC chairperson
The market targets 14,100 points in preparation for further upsurge, says Naeem Brokerage
Future profitability multiplier for the Egyptian market is set at 10.6x: Shuaa
Egypt will offer 22% to 25% of the shares in HHD in 1Q 2020, says Hesham Tawfik
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
Market lack of response to lower operating costs and lower gas and gasoline prices adds some caution to the upward outlook
Lower interest rates will encourage investment borrowing, says Abu Basha
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.
Financial markets pioneered use of financial technology, are the basis of technological innovation
Decline in return on investment revives EGX investments in tandem with IPO activity
The offering included 36% stake, which represents 21% of its capital.
IPO to close tomorrow, trading begins on Thursday
Bidding unit was market demand to increase turnover of small securities, says EGX chairperson
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.
Technological culture strongly prevalent in Egypt, allows building strong digital financial system
The main index EGX30 fell by 5.5% last week to 14,035 points, in its largest weekly decline since December.
We will promote use of financial technology in Arab stock exchanges to counter informal markets: Farid
Women’s unemployment rate decreased from 24% in 2014 to 19.6% in Q1 of 2019, says Morsi
Total bank assets increase to EGP 351.68bn until end-March
Benchmark EGX30 index has resistance at 13,580 and 13,622 points