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Technical analysts predicted that Egyptian Exchange (EGX) will move sideways, dropping down during this week’s trading. EGX30 is expected to move between 7,900-8,000 points. Analysts pointed out that the EGX market witnessed a limited growth of 0.06% last week, rising from 8,131 points to 8,136 points. While the total trading value declined from EGP 3bn to EGP …
Cleopatra Hospital Company (CLHO.CA on the Egyptian Exchange) announced that its Board of Directors approved the appointment of EFG Hermes Investment Banking to advise on the group’s potential acquisition of an additional 47% stake in Cairo Specialised Hospital (CSH), according press statement on Sunday. CSH is a subsidiary of Cleopatra Hospital, as the company acquired …
Technical analysts and executives at brokerage firms expect the Egyptian Exchange (EGX) to continue its profit-making wave during this week’s transactions. EGX30 is expected to move between 8,050 and 7,993 points. Experts advise investors to purchase a number of shares if they continue to fall. Ehab El-Saeed, head of technical analysis at Osool Securities Brokerage …
MCDR is closing the door for GDR transfers to Edita, OTMT, GTH, as they exceed the free-floating shares ratio
The bank will continue its role in serving the economy, even after the government’s stake in it is reduce
IMF mission is scheduled to review the IPO plan in the government’s reform programme as part of the procedures to approve the $12bn loan to Egypt
Technical analysts predict that the Egyptian Exchange (EGX) will continue its rising trend, to reach 8,450 and 8,500 points during this week’s trading. Should the EGX face resistance, it could result in a decline to 8,100 points. The expectations tailed an increase in EGX30, as it had reached 8,255 points. The market has been climbing …
The Egyptian Exchange (EGX) is facing a tough challenge this week as it attempts to continue its upward direction, after the good performance it recorded last week. Technical analysts and executives at brokerage firms said that the market’s ability to go beyond 8,000 points would cause it to continue moving upwards. Experts advised investors to …
The expected $12bn loan agreement with the IMF prompted institutions to increase purchases, amid expectations of further devaluation of the pound, says capital market expert
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, leaning south, amid uncertainty of the Central Bank of Egypt’s (CBE) vision during the Sunday session. Last week, the EGX declined by 1.93% and closed at 7,437, after the CBE kept the value of the national currency unchanged for the second week …
InterCairo Aluminum Industry awaits approval from the Egyptian Exchange to begin the IPO procedures, after the company has provided all the required documents
Technical analysts predicted that the Egyptian Exchange (EGX) will continue its sideways trend, ranging between 7,550 and 7,600 points during the Sunday session. A steady session is expected after the good performance of the stock market in the previous week. The analysts had said that the market was expected to break its sideways trend during …
Beltone consultant, Atef El-Sherif, said that the company’s action against the EGX came as a response to complaints received from investors about the repeated cancellation of the company’s stock transactions.
The transactions of Egyptians and Arabs were net buyers, while non-Arab foreign investors were net sellers.
EGX closed at 7,182.8 points on Monday, with a 2.88% increase.
Lawsuit filed against board members of three companies listed on the EGX for manipulating stocks
EFSA receives 103 new complaints against financial supervisory agencies and solves 106 complaints over five months
While global economic attention is turned to the effects of the UK’s departure from the EU, Egypt stands to gain
Technical analysts predict the market falling from 7,253.3 points to 6,800 points over Sunday and Monday
Investment managers say companies are seeking foreign investments through GDRs in light of the US dollar shortage, while local investors hide behind foreign institutions to obtain revenue in US dollars instead of Egyptian pounds
The EGX will likely decrease from 7,756 points to 7,600 points after the failure of the Beltone-CI Capital acquisition deal, said Mohamed Al-Assar
The real challenges appeared after A.T. LEASE failed to meet one of the requirements of IPOs last week, as the company should have a minimum of 300 shareholders after the IPO.
Mohamed Al-Assar, head of the technical analysis department at the National Bank of Kuwait (NBK), said the Egyptian Exchange’s benchmark index EGX-30 will range Sunday between 7,500 points and 7,600 points in light of weak trading volumes below EGP 500m
The company plans to complete the report within one month. It will include the number of shares to be offered and the fair value per share, which has been set by an independent financial adviser
There are doubts about the banks’ abilities to continue this exceptional performance during the second and third quarters due to lack of foreign currency, poor commercial financing, and decline in lending loan rates
One to the financial institutions and individual investors, and investors with expertise in the field of securities. The other public offering will be to the public in the Egyptian market, as a joint offering.
The company received purchase orders covering 97.65% of the IPO as of Thursday’s session
The parent company’s earnings, excluding the proceeds of its subsidiaries, amounted to EGP 72m, compared to EGP 40m in the same period last year, an increase of 80%
The EFSA’s decision to retroactively change the legal status governing the general holding companies’ reacquisition of shares from workers unions came last week. The EFSA made an exception to the Capital Market Law which stipulates a compulsory tender must be made for all the shares of a company once 33% of ownership has been transferred.
The 40m shares are 25% of the company’s total capital listed on the EGX