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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
Faisal Islamic Bank intends to increase its capital by $73.36m
Bank’s business increased to EGP 95.98bn end-February, against EGP 84.43bn in February 2018
EGX on a roll as investors build new positions in blue-chips stocks
Market capitalisation gains EGP 15bn in a week, closes at EGP 830.25bn
Three private Egyptian firms finalising their listing procedures for EGX in 2019
We are still underdeveloped in establishment of REITs, says EGX Chairperson
Egypt shares to test move upwards as foreign investors likely to inject cash-ins
Benchmark EGX30 index levelled up 677 points, or 4.79% in Feb to 14,803 points
Regional institutional funds account for almost 85% of Eastern Company private placement: source
Public offering of company to start Sunday amid expectations of heavy demand
EGX to launch new index as the market target fresh foreign liquidity
Market capitalisation will be set based on weight of free-float shares of each company
Egypt stock market to move upwards in mid-term on strong earnings season start
Benchmark EGX30 rose 4.5%, or 620.03 points in week, finishing at 14,126.68 points
No state-owned company to be sold whole: Hesham Tawfik
Emerging markets crises will not affect planned IPOs, state to keep 40% ownership
Egypt shares resume rally as corrections, profit-taking finally over amid fresh liquidity
Market expected to move upwards in mid-term, bolstered by earning season
Egypt amends some provisions of listing, delisting rules for EGX
The board of directors of the Financial Regulatory Authority (FRA) issued a decision to amend some of the provisions of the rules for new listings on the Egyptian Exchange (EGX), as well as rules for continuation and delisting, through adding rules stipulated in article 6 of Law 95 of 1992. Mohammed Omran, chairperson of the …
MPs demand to see plan to list state companies on EGX
Finance Ministry tells planning, budget committee government will offer 15-30% of 23 companies over two years